Oyster Protocol founder sentenced to 4 years in prison for evading $5.5 million in taxes
Amir Bruno Elmaani, the 31-year-old founder of the now-defunct cryptocurrency project Oyster Protocol, has been sentenced to a maximum of four years in prison for tax evasion. On October 31, the U.S. Attorney's Office stated that Elmaani (also known as "Bruno Block") was sentenced to jail after pleading guilty on April 6. He admitted to secretly minting and selling Pearl tokens while failing to pay income tax. Elmaani admitted to causing over $5.5 million in tax losses.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Wasabi Adds Berachain Vaults With Up To 300% Yields
Terraform Labs Creditors Alert—Claim Your Crypto Losses Before the Deadline!
How Jack Du Rose Went From Jewels To Building DAOs
Market Chop: Altcoins Follow 2020-2021 Pattern, Says Analyst
Analysts suggest the current market chop is temporary, likening it to 2020/2021 patterns. Could altcoins be set for significant gains?Altcoin Market Chop: Just a Pause Before the Surge?Why the Chop Isn’t a Cause for ConcernLooking Ahead: What’s Next for Altcoins?
Trending news
MoreCrypto prices
More
