A U.S. federal court imposed a 71-month sentence and ordered more than $1.45 million in restitution and forfeiture in a Bitcoin-related fraud scheme targeting elderly women in Saipan and Guam.
A Saipan woman was sentenced by a U.S. federal court to 71 months in prison for a Bitcoin-related fraud scheme that targeted elderly women in Saipan and Guam between November 2020 and January 2022. The court also ordered her to pay $769,355 in restitution and $684,848 in criminal forfeiture. The updated details add the geographic scope of the scheme, the timeframe of the conduct, and the financial penalties tied to the case.