In the past two years, countless investors have lost hundreds of millions of dollars to crypto-related scams, unfortunately so. In San Diego, California, one such perpetrator faces 25 years in prison for his crime. He pleaded guilty to two separate counts.
Morgan Rockcoons is a bitcoin entrepreneur who has had a few run-ins with the law. As far back as 2015, he conducted unlicensed money transmitting business involving cryptos. His online adverts for his business were what attracted the attention of federal agents.