Texas man sentenced to 23 years in prison for Meta-1 Coin fraud

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ME News Report, April 17 (UTC+8), Texas man Robert Dunlap in the United States was sentenced to 23 years in federal prison for fraudulently issuing the so-called “Meta-1 Coin” cryptocurrency backed by Picasso, Van Gogh, and Dali artworks and gold assets, and was ordered to compensate nearly 1,000 victims. Prosecutors stated that he fabricated assets worth approximately $44 billion in gold and about $1 billion in artworks, and forged audit information, with the involved amount exceeding $20 million. Previously, he was convicted of mail fraud by a federal jury. (Source: MLion)

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