Crypto personality ‘T.J. Stone’ pleads guilty to wire fraud
Thomas John Sfraga, known as “TJ Stone,” entered a guilty plea to wire fraud charges in a Brooklyn federal court on Thursday.
According to the U.S. Department of Justice, Sfraga was accused of deceiving investors with the promise of up to 60% returns within three months through a non-existent cryptocurrency digital wallet. Instead of fulfilling these promises, he allegedly diverted these funds for personal use and to placate previous victims of his fraudulent activities.
“For years, Sfraga brazenly lied to friends, neighbors, and investors to swindle over $1.3 million of their hard-earned life savings,” commented Breon Peace, the U.S. attorney for the Eastern District of New York, on the case.
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