2023-11-14 22:08:00
Aurélien Michel, a 25-year-old resident of Dubai, was arrested in January in the United States but was released under judicial supervision.
A Frenchman arrested at the beginning of the year in New York for having defrauded buyers of NFTs on a large scale, these theoretically unforgeable digital tokens, pleaded guilty on Tuesday in a federal court in Brooklyn, New York justice announced.
A 25-year-old resident of Dubai, Aurélien Michel was arrested in January at JFK airport in New York and has since been released under judicial supervision. He faces up to five years in prison.
“He agreed to pay $1.4 million”
The Frenchman pleaded guilty to “criminal conspiracy to commit electronic fraud” in connection with this case of “Mutant Ape Planet” NFT fraud, the most popular at the time of the explosion. of these digital tokens, the Brooklyn prosecutor’s office said in a press release.
“When he is convicted, he risks up to five years in prison. He also agreed to pay $1.4 million” to the courts, funds which were “seized,” adds the same source.
According to American justice, Aurélien Michel, who acted with accomplices, had seduced investors by promising them “numerous advantages and rewards” if they purchased the NFTs.
But once he had amassed nearly three million dollars in cryptocurrencies, the project disappeared and the funds with it, a scam known as “Rug Pull.”
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