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Texas man sentenced to 23 years in prison for Meta-1 Coin fraud
ME News Update: On April 17 (UTC+8), a man from the United States state of Texas, Robert Dunlap, was sentenced to 23 years in federal prison for running a scam by issuing the so-called “Meta-1 Coin” cryptocurrency, which was purportedly backed by artworks by Picasso, Van Gogh, and Dali, as well as gold assets. He was also ordered to compensate nearly 1,000 victims for their losses. Prosecutors said he fabricated an alleged background of approximately $44 billion in gold assets and about $1 billion in artwork assets, and forged audit information. The amount involved exceeded $20 million. Previously, a federal jury had found him guilty of mail fraud. (Source: MLion)