Odaily Planet Daily reports that the Brooklyn District Attorney’s Office has announced that 23-year-old Brooklyn resident Ronald Spektor has been sentenced to 4 to 12 years in prison for carrying out phishing and social engineering scams. Over approximately one year, he impersonated Coinbase customer service, deceiving around 100 U.S. users into transferring cryptocurrencies to wallets under his control by claiming their accounts had been hacked and their assets were at risk, stealing nearly $15.94 million in total. He subsequently laundered the funds through multiple exchanges, mixing services, and cryptocurrency gambling platforms. On September 2, Spektor pleaded guilty to all 31 charges, including first-degree money laundering and first-degree grand larceny, and was ordered to forfeit over $500,000 in cash, cryptocurrency, and personal assets, while also paying restitution of nearly $16 million.
Fraudster impersonating Coinbase support sentenced to 4–12 years for stealing $15.94 million
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Summary
A 23-year-old man from Brooklyn, Ronald Spektor, was sentenced to 4 to 12 years in prison for fraud related to cryptocurrency news. He impersonated Coinbase support, scamming approximately 100 U.S. users out of nearly $15.94 million in cryptocurrency. Over the course of a year, he laundered the funds through exchanges and gambling platforms. Spektor pleaded guilty to 31 charges and must forfeit over $500,000 in assets and pay victims nearly $16 million. The case underscores the importance of understanding cryptocurrency protocols to avoid falling victim to similar scams.
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