A New York man was sentenced to 18 years for Crypto Assets fraud, involving more than 12 million dollars.

WuSaidBlockchainW · 2025-04-24T21:54:30+00:00

Eugene William Austin Jr., a man from Long Island, New York, was sentenced to 18 years in prison for defrauding over $12 million, while his son Brandon Austin was sentenced to 4 years. The case involved making false promises and using funds for luxury expenditures.

WuSaidBlockchainW

2025-04-24 21:54:30

Abstract generation in progress

According to Wu, Eugene William Austin Jr. (also known as Hugh Austin), a man from Long Island, New York, was sentenced to 18 years in prison in 2025 for defrauding Crypto Assets investors and others out of more than $12 million. His son, Brandon Austin, has also been sentenced to 4 years in prison for his involvement in the scheme. The prosecution pointed out that Austin defrauded victims by making false promises of providing Crypto Assets trading facilitation, short-term high-return investments, and introducing investors to startups, and used the funds for personal luxury expenses.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.