In November 2024, a US court found Berman Jerry Nowlin guilty of his role in a four hundred thousand USD NFT fraud scheme. This involved the duplicitous sale and abrupt cancellation of NFT collections, misleading investors with false claims.
Alongside Devin Alan Rhoden, Nowlin misled hundreds out of nearly four hundred thousand USD. Facing a possible five-year federal sentence, Nowlin died by suicide on December 21, 2024, showcasing the severe consequences of such fraudulent activities.
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