đš Oyster Pearl founder Amir Bruno Elmaani, aka "Bruno Brock," has been sentenced to four years in prison for tax offenses, according to the U.S. Department of Justice (DOJ). Elmaani, 31, was also ordered to pay $5.5 million in restitution and will face one year of supervised release.
Key points:
- Elmaani made millions from an initial coin offering (ICO) of the pearl (PRL) cryptocurrency in 2017.
- He falsified his tax return and used $10 million in proceeds to buy yachts, real estate, and home renovations.
- Elmaani admitted to minting new PRL tokens without informing anyone, including other Oyster Protocol project members.
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