Crypto Scammer Arrested Again in Florida on Fraud, Gun Charges

May 10, 2023, 9:11 PM UTC

A man known for his role in a massive cryptocurrency heist has been arrested again in Florida on charges of fraud and possessing a concealed weapon.

Nicholas Truglia, 25, was arrested Tuesday in Florida, though the circumstances of the case remain unclear. Truglia didn’t respond to a request for comment. Bloomberg News couldn’t immediately locate an attorney for Truglia.

Truglia was released from prison in January after serving for his role in a prior scheme to steal more than $23 million in virtual currency from investor Michael Terpin. Truglia worked with a group of so-called SIM swappers, who stole victims’ ...



Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.