Tag: Indian National

Indian National Pleads Guilty to $37 Million Cryptocurrency Theft Scheme
News

Indian National Pleads Guilty to $37 Million Cryptocurrency Theft Scheme

An Indian national entered a guilty plea in the United States to accusations of creating a website that mimicked the Coinbase cryptocurrency exchange platform to steal over $37 million. The maximum punishment for wire fraud conspiracy is 20 years in jail and a $250,000 fine. Chirag Tomar, 30, entered a guilty plea. On December 20, 2023, he was taken into custody following his arrival in the nation. The Department of Justice (DoJ) announced last week that Tomar and his accomplices had carried out a plot to steal millions of dollars in cryptocurrencies from hundreds of victims both domestically and abroad, including in the Western District of North Carolina. The website was launched around June 2021 and went by the name "CoinbasePro[.]com" in an attempt to look like Coinbase Pro re...