AirBit Club co-founder Pablo Renato Rodriguez was sentenced on Tuesday to 12 years in prison, plus three years of supervised release, for his role in orchestrating a $100 million global cryptocurrency pyramid scheme.
Judge George B. Daniels for US District Court for the Southern District of New York also ordered Rodriguez to forfeit $65 million, along with millions of dollars worth of real estate and other property.
Rodriguez founded AirBit Club with Gutemberg Dos Santos in 2015. Together they served as AirBit’s primary promoters, marketing AirBit Club “memberships” as an investment opportunity that would provide guaranteed daily returns from bitcoin ...
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