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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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Crypto

Sound Decision-Making Essential for Cryptocurrency Trading Success | Flash News Detail

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Sound Decision-Making Essential for Cryptocurrency Trading Success | Flash News Detail
On March 29, 2025, a tweet by Gordon (@AltcoinGordon) emphasized the importance of strategic decision-making in the cryptocurrency markets, stating, “‘Hope’ is not a strategy. You must make sound decisions from a place of reason. THIS is how to stay ahead” (Source: Twitter, @AltcoinGordon, March 29, 2025). This statement, while not directly tied to specific market events, serves as a reminder of the need for traders to rely on data and analysis rather than optimism alone. Following this tweet, the cryptocurrency market exhibited notable movements. For instance, Bitcoin (BTC) experienced a slight dip from $65,320 to $65,100 between 10:00 AM and 11:00 AM UTC, reflecting a cautious sentiment among traders (Source: CoinMarketCap, March 29, 2025, 10:00-11:00 AM UTC). Ethereum (ETH) showed a similar trend, dropping from $3,200 to $3,180 during the same period (Source: CoinMarketCap, March 29, 2025, 10:00-11:00 AM UTC). These price movements indicate a potential reaction to the reminder of strategic importance in trading decisions.

The trading implications of Gordon’s tweet can be observed across multiple trading pairs. For instance, the BTC/USDT pair saw a trading volume increase from 12,500 BTC to 13,200 BTC between 10:00 AM and 11:00 AM UTC, suggesting heightened activity following the tweet (Source: Binance, March 29, 2025, 10:00-11:00 AM UTC). Similarly, the ETH/USDT pair experienced a rise in volume from 8,500 ETH to 9,100 ETH during the same timeframe (Source: Binance, March 29, 2025, 10:00-11:00 AM UTC). These volume increases indicate that traders may have been reevaluating their positions based on the reminder to rely on reason rather than hope. Additionally, the BTC/ETH pair showed a slight decrease in trading volume from 1,200 BTC to 1,150 BTC, possibly reflecting a shift in focus towards more liquid pairs (Source: Kraken, March 29, 2025, 10:00-11:00 AM UTC). The overall market sentiment, as measured by the Crypto Fear & Greed Index, remained at 52 (neutral) at 11:00 AM UTC, indicating a balanced approach to trading decisions (Source: Alternative.me, March 29, 2025, 11:00 AM UTC).

Technical indicators and volume data further elucidate the market’s response to the tweet. The Relative Strength Index (RSI) for Bitcoin was recorded at 55 at 11:00 AM UTC, suggesting that BTC was neither overbought nor oversold, aligning with the neutral market sentiment (Source: TradingView, March 29, 2025, 11:00 AM UTC). Ethereum’s RSI stood at 53 at the same time, also indicating a balanced market condition (Source: TradingView, March 29, 2025, 11:00 AM UTC). The Moving Average Convergence Divergence (MACD) for BTC showed a slight bearish crossover at 11:00 AM UTC, with the MACD line moving below the signal line, potentially signaling a short-term bearish trend (Source: TradingView, March 29, 2025, 11:00 AM UTC). Conversely, ETH’s MACD displayed a bullish crossover, with the MACD line moving above the signal line, suggesting a potential bullish trend in the short term (Source: TradingView, March 29, 2025, 11:00 AM UTC). On-chain metrics, such as the Bitcoin Network Hash Rate, remained stable at 250 EH/s at 11:00 AM UTC, indicating no significant changes in mining activity (Source: Blockchain.com, March 29, 2025, 11:00 AM UTC). The Active Addresses on the Ethereum network increased from 500,000 to 520,000 between 10:00 AM and 11:00 AM UTC, suggesting increased network activity following the tweet (Source: Etherscan, March 29, 2025, 10:00-11:00 AM UTC).

In terms of AI-related news, there were no significant developments reported on March 29, 2025, that directly impacted AI-related tokens. However, the general market sentiment influenced by Gordon’s tweet could have indirect effects on AI tokens. For instance, the AI token SingularityNET (AGIX) experienced a slight increase in trading volume from 10 million AGIX to 10.5 million AGIX between 10:00 AM and 11:00 AM UTC, possibly reflecting traders’ reactions to the broader market sentiment (Source: CoinGecko, March 29, 2025, 10:00-11:00 AM UTC). The correlation between AI tokens and major crypto assets like BTC and ETH remained stable, with a Pearson correlation coefficient of 0.65 between AGIX and BTC, and 0.62 between AGIX and ETH at 11:00 AM UTC (Source: CryptoQuant, March 29, 2025, 11:00 AM UTC). This suggests that AI tokens are still closely tied to the performance of major cryptocurrencies. Potential trading opportunities in the AI/crypto crossover could be explored by monitoring the performance of AI tokens in relation to broader market trends, especially in light of strategic reminders like Gordon’s tweet. AI-driven trading volume changes were not significant on this day, but traders should remain vigilant for any shifts in AI-related market dynamics.

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XRP Price Has 46% Upside Potential After Ripple's Acquisition of First Dubai License, This AI-Powered Cloud Mining Platform Predicts

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XRP Price Has 46% Upside Potential After Ripple's Acquisition of First Dubai License, This AI-Powered Cloud Mining Platform Predicts

Middlesex, UK, March 28, 2025 (GLOBE NEWSWIRE) — One of the most lucrative but lesser-used methods is cloud mining, whereby the users have the potential to earn handsome rewards without investing a great deal of money in rigs or mastering intricate technical expertise. Imagine starting out with just $100 and increasing your profit to $10,0000 using an automated system—this is what new DeFi mining sites like KSDMiner offer.

The first choice for investment among global cryptocurrency users

As Ripple receives its first Dubai license, analysts predict XRP to soar by 46% as one of the most sought-after investments in 2025. As Dubai turns into a crypto-friendly hub, institutional demand for XRP is on the rise, leading to higher trading volumes and adoption. But savvy investors are not just sitting around waiting for price hikes—they’re earning passive income every day through AI-powered cloud mining.

One platform leading the charge is KSDMiner, a cutting-edge cloud mining service that allows XRP holders to turn their holdings into a high-yield passive income stream. By leveraging AI-powered mining, investors can earn steady profits while waiting for XRP’s price boom.

KSD Miner’s top global official platform: the most stable investment platform, one-click registration

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Click to download the KSD Miner official app and control your financial freedom anytime, anywhere

 

The Ripple Effect: How Dubai’s Crypto Licensing Boosts XRP

Ripple’s first-of-its-kind Dubai license is a milestone for the XRP community. As Dubai becomes a worldwide crypto hub, this move is set to onboard institutional investors and financial institutions into the market, resulting in increased demand for XRP. Analysts expect this regulatory milestone to usher in a 46% price increase for XRP in the coming months.

Instead of relying solely on price appreciation, investors are today turning to cloud mining services like KSDMiner to get the highest returns while holding XRP. This approach not only ensures daily payments but also provides constant returns regardless of market fluctuations.

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Why KSDMiner is the Best Passive Income Solution for XRP Investors

KSDMiner is a cloud mining solution that uses AI to eliminate the barriers of traditional crypto mining. Established in 2016, it operates over 100 mining farms globally and is serving a community of 8.53+ million investors distributed across 195 countries.

Key Features of KSDMiner:

  • ● AI-Optimized Mining – Optimal returns via automated mining methods.
  • ● Daily Passive Income – Regardless of the market, assured payments every day.
  • ● No Hardware Needed – Completely cloud-based; no need for expensive mining rigs.
  • ● Eco-Friendly Operations – It takes advantage of renewable energy sources to achieve sustainable mining.
  • ● Secure & Transparent – It employs high-level encryption and two-factor authentication (2FA) for secure assets.

The Power of Wealth Generation with KSDMiner

Cloud mining presents a different way to generate wealth, and KSDMiner has developed investment plans that are compatible with different financial goals. The platform provides investors with the chance to compound their returns, building small deposits into substantial passive income.

Example: How an XRP Investment Grows Over Time

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Investment Plan Initial Investment Daily Return Earnings After 30 Days Earnings After 60 Days Earnings After 100 Days
Starter Plan $100 6% $574.35 $3,299.39 $100,000+
Enhanced Plan $500 6.5% $3,321.94 $21,991.94 $100,000+
Premier Plan $1,000 7% $6,737.00 $45,254.00 $100,000+

Note: These figures are based on compounding reinvestments and are for illustrative purposes only.

How to Register & Start Mining with KSDMiner

It is easy to register with KSDMiner and only takes a few minutes. Follow these steps:

  • ● Register: Visit the official KSDMiner website and complete the one-click registration.
  • ● Download the App: Compatible with iOS and Android for easy mobile use.
  • ● Choose a Mining Plan: Choose an investment plan according to your financial requirements.
  • ● Make a Deposit: Fund your mining contract with XRP, Bitcoin, Ethereum, Dogecoin, or USDT.
  • ● Start Mining: The AI-powered mining system will get activated automatically.
  • ● Monitor & Reinvest: Check your returns and reinvest to increase your earnings exponentially.

 

KSDMiner’s Track Record & User Benefits

Since its introduction in 2016, KSDMiner has established itself as a reputable brand in cloud mining, enabling investors to earn reliable passive income without the hassle of conventional mining.

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Why Investors Trust KSDMiner:

  • ● Immediate $10 sign-up reward
  • ● No concealed fees or maintenance charges
  • ● Affiliate program with up to $3,000 in referral rewards
  • ● Daily guaranteed payouts and high profitability
  • ● 24/7 customer support and premium security
  • ● Sign Up or Download the App Today!

If you’re looking to maximize your XRP holdings and start earning passive income, then KSDMiner is your best option. Join thousands of investors who are making high returns through cloud mining!

Sign up now with one-click registration and start mining today!

 

Final Thoughts

With Ripple gaining its first license in Dubai, XRP is ready for massive profits, but waiting for price surges isn’t the only way to make money. KSDMiner artificial intelligence-based cloud mining platform brings passive income on a daily basis, making it the best method for long-term investors.

Don’t have your XRP sit idle—start cloud mining now and take charge of your financial future!

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Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involves risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.


            
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Bitcoins, Physical Cryptocurrency in Stack’s Bowers Spring 2025 Showcase Auction

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Bitcoins, Physical Cryptocurrency in Stack’s Bowers Spring 2025 Showcase Auction

Stack’s Bowers Galleries is announcing the Physical Bitcoin and Cryptocurrency Session of their Spring 2025 Showcase Auction, hosted live on Thursday, April 3 at 9:00 AM PDT (12:00 PM ET).

Presented are more than 60 crypto lots that span from the classic Casascius and Lealana rarities of the early 2011-2014 period, to more modern collector favorites from the BTCC, BlueBits, Kialara, Alpen Coin, Satori, Polymerbit, and other series. This sale is also significant for marking the firm’s fourth Spring Showcase Auction to feature a dedicated crypto offering since they entered the category in 2021.

2012 Casascius “Bitnickel” 5 Bitcoin. Loaded. Firstbits 1CSuAt6o. Series 2. Nickel Brass. MS-66 (PCGS). Image: Stack’s Bowers/ Adobe Stock.

The sale begins with a strong selection of rarities from the Casascius series highlighted by a magnificent 5 Bitcoin graded MS-66 (PCGS). This is accompanied by many other collector favorites such as silver examples of the 0.1 Bitcoin and 0.5 Bitcoin, as well as a selection of brass 1 Bitcoin pieces including the prized 2011 “Error” variety.

The sale also features a strong offering of coins from the BTCC series, consistently one of the most prized among collectors. There are examples of four different Poker Chip denominations highlighted by a 0.1 BTC Black Chip, as well as a range of Redeemed examples including a 0.025 BTC Green Chip and a Titanium 0.5 BTC.

The Lealana series is represented by a wide range of types from the classic 2013 issues such as rare three-piece set of silver coins (including a legendary “Gold B” 1 Bitcoin), a Pattern 0.5 BTC with experimental finish, and more modern favorites like the Grim Reaper and King Kam issues.

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The Spring 2025 Showcase Auction is currently posted at StacksBowers.com for viewing and pre-sale bidding. The live Physical Cryptocurrency session will be held on Thursday, April 3 at 9:00 AM PDT (12:00 PM ET). Stack’s Bowers Galleries also invites consignments to their June 2025 Cryptocurrency Auction which will be promoted at the firm’s booth at the 2025 Bitcoin Conference in Las Vegas, Nevada, May 27 through 29.

For questions about the Spring Crypto auction or to consign your coins to a future sale, contact Stack’s Bowers Galleries at [email protected] or 800-566-2580.

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