Crypto Scammer Truglia Gets 12 Years Prison, Up From 18 Months
(Bloomberg) — A man who originally got 18 months in prison for his part in a scheme to steal $22 million in cryptocurrency, saw his sentence increase dramatically to 12 years after failing to pay back his victim.
Nicholas Truglia received the stiff new sentence Thursday, after US District Judge Alvin Hellerstein found he was willfully failing to comply with a previous agreement to pay nearly $20.4 million in restitution. Lawyers for Truglia immediately argued that Hellerstein abused his discretion in imposing such a long prison term.
