EmpiresX 'head trader' to face 4 years of prison over $100M crypto 'Ponzi'

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The “head trader” of a crypto platform that defrauded investors of $100 million and spent the cash on a second house, high-priced bling, and rented Lambos is heading to jail for over 4 years for his part in the scheme.

investor money was used to “lease a Lamborghini, shop at Tiffany & Co., make a payment on a second home, and more.”Investors were also told EmpiresX was registered with the SEC as a hedge fund and that Nicholas was a licensed trader.

The SEC said the platform was never registered with the Commission and Nicholas’ was suspended from trading by the National Futures Association forThe scheme ran for two years, from around September 2020 until early 2022 when it fell apart as the platform refused to honor customer withdrawals who were likely wanting to leave the crypto market due toPires and Goncalves, who were residing in Florida, allegedly began winding down the operations of EmpiresX in early 2022 and left the U.S.

 

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SBF is next SBF_FTX

Teach these people how to grow their crypto assets. Tell them the market is really profitable as it goes up or comes down. There are very good strategies which can get one on profit both ways but very few people know about these strategies. Feel free to send a dm

Honestly I only listen to ChiefraFba for signals and analysis I have a 91% win rate in 2 months of copying his signals 🚀

$25 million per year? I may give up my job for that kind of money...

But SBF walks free

Hey SBF_FTX if $100 milly fraud gets you four years, how long do you think you'll get for $10 billion? 😃

Meanwhile.. Steal 8 billion from investors 👇.. Just because mummy and daddy have political connections like SenWarren GaryGensler GaryGenslerResign ElizabethWarrenResign

And scam wokeman-fried still free.....

Not long enough.

Lol RIP..

His mistake ... he should have spent customer cash on a second house, high-priced bling, rented Lambos, and Politicians!

And yet SBF…

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