The U.S. Department of Justice has charged Elmin Redzepagic, a 24-year-old from Connecticut, with defrauding clients by posing as a crypto investment advisor. Redzepagic allegedly misappropriated approximately $950,000 from investors, funneling the funds into offshore crypto casino Stake for gambling. Prosecutors claim he masqueraded as a member of the 'Crypto Mentor The Chef' team, convincing clients to make additional payments under the guise of fees and occasionally issuing small payouts to maintain the scheme.
Redzepagic faces 21 charges from a federal grand jury, with a potential maximum sentence of 375 years if convicted on all counts. He pleaded not guilty to all charges in court this week and was released on a $500,000 bond.
Connecticut Man Charged with Crypto Investment Fraud
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