Judge hands former Seattle rugby player 30-month sentence over 900,000 USD crypto ponzi

Shane Donovan Moore raised over 900,000 USD from 40 investors through deceptive promises of high returns from non-existent mining equipment. Instead of purchasing necessary equipment, he diverted funds for personal luxuries, resulting in significant losses for investors.

Moore’s fraudulent actions led to over 387,000 USD in losses for many victims, including friends and colleagues. The court highlighted the emotional and psychological toll on these individuals during Moore’s sentencing.