Miami Crypto Fraud Case Ends With Crew Leader Receiving 63-Month Prison Sentence
Miami gang leader Esteban Cabrera Da Corte has been given a 63-month prison sentence for orchestrating a cryptocurrency scam that defrauded US banks and a prominent exchange out of $4 million. The scam involved fraudulent refunds where stolen personal data was used to trick banks into reimbursing the criminals. Cabrera Da Corte and his co-conspirators purchased over $4 million in cryptocurrency and then falsely claimed the transactions were unauthorized, causing the banks and exchange to reverse the transactions. The fraudsters then withdrew the refunded money while retaining the digital assets. Cabrera Da Corte, also ordered to pay restitution and forfeit $1.2 million, perpetrated the fraud by using fake US passports, forged driver's licenses and stolen information.
