Cryptocurrency Caper: Indiana Man’s Basement Blunder Lands Him 20 Years in Prison
Evan Light, an Indiana man, has been sentenced to 20 years in federal prison for masterminding a cryptocurrency theft scheme from his mother’s basement. Light and his accomplices stole over $37 million in cryptocurrency, impacting nearly 600 victims. The FBI’s investigation led to his arrest and partial recovery of the stolen funds.
Hot Take:
When you’re running a $37 million cryptocurrency heist from your mom’s basement, it might be time to reconsider your life choices. But hey, at least Evan Light has a solid 20-year plan—just not the one he was hoping for.
Key Points:
- Evan Frederick Light, from Indiana, received a hefty 20-year federal prison sentence for orchestrating a massive cryptocurrency theft.
- He illegally accessed an investment firm in South Dakota, stealing personal information and over $37 million in cryptocurrency from nearly 600 victims.
- Light and his accomplices laundered the stolen funds through various services, including mixing services and gambling sites.
- The FBI’s investigation led to the recovery of a significant portion of the stolen cryptocurrency.
- Light must pay a $200 special assessment and will face a future hearing to determine restitution for the full $37 million.
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