Just because you’re a millionaire in the crypto world doesn’t make you immune to legal trouble. Some of the biggest crypto millionaires are facing legal troubles that already have or could result in them going to prison. It’s a lot of responsibility to take care of that amount of money, especially if your means of acquiring it is illegal.
Sometimes, though, these crypto millionaires had something else hidden up their sleeves. It seems that many of them are so good at playing the game, that they’re usually doing something illegal on the side. Somehow, these millionaires evaded the law for many years without penalties, but oftentimes, authorities caught them. Find out which crypto millionaires found themselves on the wrong side of the law below.
Playing The Game
Becoming a crypto millionaire is pretty simple, at least on the surface. All you have to do is buy low and sell high. While it’s not quite as black and white as that, the more you play that game, the richer you become. There are some crypto millionaires out there who tried to use their fortune for good. And nearly half of the millennial millionaires have 25% of their wealth in crypto. That’s a lot of cash coming directly from crypto trades. Unfortunately, some people get so greedy and skilled at the game that they look for other ways to make money that involve fraud, scamming, or stealing.
Unfortunately, many crypto millionaires made their way to fame this way. Even though many scammers get caught, the length of the sentence never truly deters people from continuing their illegal acts, though the sentences do send a message. It’s a serious crime, so let’s hope these crypto millionaires recognize that. Let’s dive into the movers and shakers who got caught.