Crypto Scammer Gets 12 Years Prison, Up From 18 Months (1)

A man who got 18 months in prison for his part in a scheme to steal $22 million in cryptocurrency saw his sentence increased to 12 years after failing to pay back his victim as he had promised.

Nicholas Truglia received the stiff new sentence Thursday, after US District Judge Alvin Hellerstein found he had willfully failed to honor his agreement to pay nearly $20.4 million in restitution.

“You paid not a cent, not one cent,” Hellerstein told Truglia, 27, in resentencing him to eight times his original prison term. The judge ordered Truglia, who has already served his original ...