Texas man Robert Dunlap sentenced to 23 years in prison for over $20 million in crypto fraud and ordered to compensate nearly 1,000 victims. He falsely claimed that his Meta-1 Coin token was backed by large amounts of gold and artwork, ultimately being convicted of mail fraud.

MarsBitNews

2026-04-17 00:26:02

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Mars Finance reports that Texas man Robert Dunlap has been sentenced to 23 years in federal prison for involvement in a cryptocurrency scam exceeding $20 million and ordered to pay restitution to nearly 1,000 victims. Prosecutors stated that Dunlap operated a crypto project and sold Meta-1 Coin, falsely claiming that the token was backed by $44 billion worth of gold and approximately $1 billion worth of art, including works by Pablo Picasso, Vincent van Gogh, and Salvador Dalí, with the assets having been audited. The jury convicted him of mail fraud last year.

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Texas man sentenced to 23 years for $20 million cryptocurrency scam

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