REPORT: Cryptocurrency scammer’s victim gets massive, record judgment
As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by NYPost.com:
In January 2018, tech entrepreneur Michael Terpin got scammed out of $23.8 million in cryptocurrency.
On Monday, May 13, it was announced that the 62-year-old Nevada resident is getting payback: The Los Angeles Superior Court awarded Terpin a record-setting cyber-crime default judgment of $75.8 million.
The article goes on to state the following:
As reported in The Post, Terpin was targeted by a Gen-Z hacker gang allegedly led by Nicholas Truglia, a 21-year-old who had been residing in a luxury apartment in Manhattan.
In high profile case, cryptocurrency investor who was defrauded through SIM swapping wins a $75.8M civil judgement. https://t.co/eQbiDF7rRT
— MN Blockchain Initiative (@MNblockchain) May 13, 2019
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