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GA man sentenced to prison after pleading guilty to bilking 40+ people in cryptocurrency scheme

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GA man sentenced to prison after pleading guilty to bilking 40+ people in cryptocurrency scheme

An east Georgia man has been sentenced to prison after pleading guilty to a scheme to sell expensive computer equipment to more than 40 people who never received their orders.

Steven Drawdy, 40, of Grovetown, Georgia, was sentenced to 32 months in prison after pleading guilty to wire fraud.

He was ordered to pay more than $1.1 million in restitution to his victims and will serve three years of supervised release at the end of his prison term.

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Between August 2021 and April 2022, Drawdy participated in an online cryptocurrency discussion forum and received over $1 million from at least 42 victims who believed they were paying him to receive cryptocurrency “mining” computers.

None of the customers ever received the computers.

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According to the U.S. Attorney for the Southern District of Georgia, Drawdy would pocket the payments and eventually stop communicating with his customers.

Is some cases, he would offer a partial refund but would require they pay a “processing fee” to get the refund, and then would never deliver the refund nor the computer and cut off all communication with the customer.

“Steven Drawdy ripped off dozens of people by preying on their desire to make money in the complex world of cryptocurrency,” said U.S. Attorney Steinberg. “Our law enforcement partners did exceptional work in identifying and shutting down this scheme.”

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Cryptocurrency For New Investors To Buy For Quick 10x Profits in 2024 | Bitcoinist.com

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Cryptocurrency For New Investors To Buy For Quick 10x Profits in 2024 | Bitcoinist.com

New opportunities for substantial profits are emerging in the cryptocurrency market. One standout option for new investors aiming for significant returns is MoonTaurus (MNTR). This promising new cryptocurrency is gaining traction for its potential to deliver quick 10x profits in 2024. MoonTaurus’s strategic roadmap, capped supply, and strong community support make it a compelling investment opportunity. For those eager to capitalize on the dynamic world of digital assets, MoonTaurus presents an exciting prospect for impressive gains in the coming year.

MoonTaurus (MNTR)

MoonTaurus (MNTR) is quickly gaining attention in the cryptocurrency market with its impressive presale performance, raising $100.000 in just 24 hours. The first stage of the presale, priced at $0.005 per token, is selling rapidly, with the second stage set to begin soon at a slightly higher price of $0.01. With a launch price of $0.07, early investors will see a remarkable 1400% increase in their investments. To maximize returns, act quickly to invest in the first stage and secure tokens at the lowest possible price.

Early investors from Shiba Inu have shown confidence in MoonTaurus by participating in its presale. This support is a positive indicator for the project, as it suggests that experienced investors see strong potential in MoonTaurus. These investors plan to hold onto their MoonTaurus tokens, expecting significant gains based on predictions from crypto experts who foresee the token delivering 10x profits within this year.

The key factor behind this optimistic outlook is MoonTaurus’s built-in scarcity. The token has a capped supply of 3 billion, which ensures that as demand increases, the limited number of tokens will become more valuable. This scarcity prevents inflation and enhances exclusivity, driving up the token’s value as it becomes more sought after. By limiting the total number of tokens, MoonTaurus can maintain a higher value per token, benefiting long-term holders and early investors who buy in at lower prices.

The MoonTaurus team has outlined an ambitious roadmap that includes listing the token on premium centralized exchanges (CEX). This strategic move is expected to enhance liquidity and increase the token’s visibility, attracting a broader base of investors. Listing on reputable exchanges will also provide easier access for traders, further driving demand and supporting the token’s price growth.

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Additionally, the team has set a target of achieving a $1 billion market capitalization this year. This goal reflects their commitment to the project’s long-term success and their confidence in MoonTaurus’s potential. Reaching this milestone would signify substantial growth and solidify MoonTaurus’s position in the cryptocurrency market, making it an attractive investment for both new and experienced investors.

MoonTaurus is currently running a $100,000 giveaway to drive community engagement and increase project visibility. To participate, individuals need to follow MoonTaurus’s official Twitter, Telegram, and Discord accounts. The giveaway will select 10 winners, each receiving a portion of the $100,000 prize pool. For more details on how to enter and the specific rules, interested participants can visit the MoonTaurus official website. This initiative aims to not only offer substantial rewards but also expand the project’s community and enhance its market presence.

In summary, MoonTaurus (MNTR) offers a unique investment opportunity for new investors seeking substantial returns in 2024. With its impressive presale performance, built-in scarcity, and plans for premium exchange listings, MoonTaurus is well-positioned for significant growth. The ongoing $100,000 giveaway further highlights the project’s commitment to building a strong community and increasing visibility. For those looking to capitalize on early investment opportunities, MoonTaurus presents a promising prospect for impressive gains.

Website: https://moontaurus.com/
Linktree: https://linktr.ee/moontaurus

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Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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Ferrari Expands to Europe with Cryptocurrency Payments for Wealthy Clients

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Ferrari Expands to Europe with Cryptocurrency Payments for Wealthy Clients

Italian luxury sports car manufacturer – Ferrari – announced plans to expand its cryptocurrency payment system to its network of European dealers from the end of July.

Ferrari also intends to extend its crypto transaction options to additional countries in its global dealership network where digital currencies are legally recognized, by 2024-end.

In its official press release this week, the Maranello-based company also disclosed that it will utilize the expertise of several entities active in the crypto payment sector to ensure transaction security. These solutions will enable dealers to accept payments without directly handling digital assets, as these will be instantly converted into traditional currency.

Additionally, the providers’ solutions will facilitate the verification of fund sources and protect transactions against price volatility associated with exchange rates.

Ferrari has not yet specified which crypto assets will be made available for the European rollout.

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“To date, most of Ferrari’s European dealers have already adopted or are in the process of adopting the new payment system that adds to the traditional ones.”

The latest expansion into the European market comes after the successful rollout of its crypto payment system in the US in October 2023. To facilitate crypto payments in the US, the company first teamed up with digital asset payment provider BitPay.

In a statement to Reuters, Ferrari’s Chief Marketing and Commercial Officer, Enrico Galliera said that the move aims to attract the young investors who have amassed wealth through cryptocurrencies. He added that this will enable the luxury automaker to engage with individual who may not currently be their customers but could potentially purchase a Ferrari.

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Trump Courts Crypto Vote With ‘Pro-bitcoin President’ Vow

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Trump Courts Crypto Vote With ‘Pro-bitcoin President’ Vow

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