The former semi-professional rugby player who promised daily returns from a crypto mining business where no investors existed, has been sentenced to two and a half years in federal prison.
Shane Donovan Moore ran Quantum Donovan LLC from January 2021 to October 2022, during which he scams investors over $900,000, according to the Department of Justice Thursday. statement.
Moore claimed that the funds would be used for purchases. Crypto mining A rig that generates 1% return every day.
But instead of buying a mining rig, he poured the investor’s money into his personal accounts, funding a luxurious lifestyle, including buying luxury apartments, designer baggage and electronics, and using some funds to pay previous investors and maintain the Ponge scam.
“Moore used the newness of cryptocurrency to commit old fraud, committing Ponzi’s plans,” Attorney Thiel Lucy Miller said. “He left a path to a damaged relationship in his ouk.”
The 37-year-old Seattle rugby player targeted rugby players from Washington, Utah, Oregon, Connecticut and New Jersey, misused individual trust to recruit victims who lost more than $387,000 in total.
To maintain the illusion, Moore bought a portion of the investor’s money. Crypto The statement said it was helpful in repaying small amounts to early participants and recruiting additional victims.
US District Judge Tana Lynn said he determined that Moore had “provoked emotional and psychological damage to the victims” and caused financial harm.
“These scams run with false hopes and high returns,” Karan Pujara, founder of fraud defense platform Scambuzzer, previously said. Decryption. “The only thing that changes is the face of a con man and the greedy victims enough to save lives.”
That’s all $2.17 billion on Crypto Blockchain analytics company Chain Orisis ‘2025 Middle-age Crypto Crime Report shows that this year is already outweighing everything in 2024.
Moore’s ruling comes amid a wider crackdown on crypto investment fraud.
Two executives behind Omegapro were charged last month running $650 million Global Ponge It’s disguised as the Forex-Crypto platform.
Like Moore, they flaunted their luxurious lifestyle and promised a big return before blocking withdrawal in 2023 and disappearing.
Rugby players will be sentenced to 30 months in federal prison. Although the authorities have not specified a full repayment plan, he has been ordered to pay compensation as well.
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