New York man impersonates crypto KOL to carry out $1.4 million fraud, sentenced to 15 months in prison
ChainCatcher News: A New York man was sentenced by a US court to 15 months in prison and 3 years of supervised release for impersonating crypto influencers on Telegram and luring investors with fake staking returns. The 39-year-old Noman Saleem pleaded guilty to wire fraud in September 2025.
According to prosecutors, he created multiple fake Telegram accounts, pretended to be well-known crypto KOLs, and attracted thousands of people to join his channels. He also set up paid “VIP sub-channels.” Saleem told victims they could receive “guaranteed returns” through crypto staking or investment opportunities, inducing many to transfer crypto assets into wallets he controlled. However, prosecutors stated that he did not actually carry out any staking activities, but instead stopped communicating after receiving the funds and took the victims’ assets.
The case caused losses of over $1.4 million, and the US government has recovered and seized most of the funds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Japanese dovish policymaker urges "slow down": Price increases are not driven by demand, rate hikes may drag down the economy and inflation
Toichiro Asada, a member of the Bank of Japan's Policy Board, stated that the central bank needs to remain cautious and closely monitor the impact of rate hikes on the economy, as rising interest rates pose the risk of suppressing the inflation trend.
Don't Be Misled by "Instant Purchase, Instant Access": Pro Series Zero Wait Has Been the Norm for Years, UBS Maintains Apple (AAPL.US) Target Price at $340
The waiting time for iPhone 18 Pro is approaching zero, and Duo deliveries are scheduled until the end of January. UBS maintains its forecast for iPhone revenue in the December quarter at $95.1 billions, representing a year-on-year increase of 11.5%.
Nvidia's "black swan" shakes up AI faith! Jensen Huang's controversy draws in U.S. Treasury bond buying, long-term U.S. Treasuries rise against the trend
After a brief holiday break, the US Treasury market has resumed trading, with long-term US Treasury prices rising slightly. The recent turmoil surrounding Nvidia has caused doubts about the main AI trading narrative, prompting safe-haven buying into US Treasuries.
Crypto prices
More
