19-Year-Old Canadian Pleads Guilty in Cryptocurrency Fraud Case Involving $13 Million in Money Laundering
Source:
www.nytimes.com
According to The New York Times, 19-year-old Canadian Trenton Johnston pleaded guilty in U.S. federal court to one count of conspiracy to commit money laundering. Court documents show that he stole approximately $13 million through cryptocurrency scams over roughly two years and used the funds for nightclub spending, jewelry, luxury cars, and private jet travel.