20 years for a fraud mastermind
worth 73 million dollars
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A US court sentenced Darren Lee, a dual citizen of China and Saint Kitts and Nevis, to 20 years in prison after he was convicted of leading a cryptocurrency fraud scheme targeting American and international investors that stole over 73 million dollars.
The sentence, which also included three years of supervised release, was issued in the Central District of California, according to an official statement from the US Department of Justice.
The investigation revealed that Lee and eight co-conspirators created fake websites mimicking real trading platforms, using a fraudulent technique known as “digital pig slaughtering” to convince victims to transfer their money into accounts controlled by the group.
Court documents showed that the defendants contacted victims via social media and dating apps, forming personal or professional relationships before luring them into financial transfers.
Assistant Attorney General A. Tyson Dova said, “The court's sentence reflects the seriousness of Lee's actions and the devastating losses suffered by the victims. We will work with our partners around the world to ensure the sentence is fully implemented.”
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