CT Man Pleads Guilty to $1.1M Crypto Fraud Scheme Tied to Online Gambling

A 25-year-old Connecticut, US, man has pleaded guilty to federal charges after defrauding more than 10 cryptocurrency investors of approximately $1.1 million , which authorities say he lost through online gambling . E.R., of Wolcott, entered guilty pleas Monday, October 19, in a federal court in Bridgeport. The man admitted guilt to two counts of wire fraud, as well as one count of international money laundering and one count of making a false statement to IRS criminal investigation agents, according to the US Attorney’s Office for the District of Connecticut. R.