Crypto scammer Nicholas Truglia's sentence increased from 18 months to 12 years for failing to fulfill promise to compensate victims

On July 11, Bloomberg reported that Nicholas Truglia, who was sentenced to 18 months in prison for participating in a $22.00 million cryptocurrency theft scheme, had his sentence increased to 12 years for failing to fulfill his promise to compensate the victims. U.S. District Judge Alvin Hellerstein issued a new ruling on Thursday, finding that Truglia intentionally violated the agreement to pay nearly $20.40 million in compensation. Previously, Truglia had been sentenced to 18 months in prison for his involvement in the cryptocurrency theft case, but after failing to pay compensation to the victims as promised, the court significantly increased his sentence. [Deep Tide TechFlow]