REPORT: Cryptocurrency scammer’s victim gets massive, record judgment

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BY TEAM DML / MAY 13, 2019 /

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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.

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