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International Business Times
International Business Times
World

Estonians Plead Guilty To US Charges In $577 Mn Crypto Scheme

Two Estonian nationals have pleaded guilty to defrauding hundreds of thousands of people in a $575 million cryptocurrency Ponzi scheme (Credit: AFP)

Two Estonian nationals have pleaded guilty to defrauding hundreds of thousands of people around the world in a $577 million cryptocurrency Ponzi scheme, the Justice Department said Thursday.

Sergei Potapenko and Ivan Turogin, both age 40, were extradited from Estonia to the United States last year to face charges of conspiracy to commit wire fraud.

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