Joshua David Nicholas, Florida resident Confessed that he and other members of the “EmpiresX” platform had defrauded investors worth $100 million and now faces penalties of up to five years in a federal prison.
followstatementU.S. Department of Justice Joshua David Nicholas is the “Head Trader” of EmpiresX, a cryptocurrency platform offering cryptocurrency. “Guaranteed income” for investors
However, the platform is a scam that defrauded investors with $100 million worth of digital assets. Lying to victims that companies are using AI to maximize profits
EmpiresX is a Ponzi scheme that is not registered with the Financial Conduct Authority. and never even took the steps to obtain the necessary permits.
Platform head pleads guilty to conspiracy to commit securities fraud This puts him in prison for a maximum of five years in federal prison. But the court has not set a date for the sentence. Because the judge will consider the final decision in accordance with the US Judicial Rules. before announcing
As for the victims of the scam They will receive more information on how to request a refund and file an impact statement.
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