2 entries tagged “misappropriation”.
A Miami-based crypto token (CLU) that ran a 2021 ICO and pivoted to NFTs and a metaverse game. Founder Austin Michael Taylor ('DNPthree') secretly siphoned ~$1.14M of investor funds into online casinos; he pleaded guilty to wire fraud and was sentenced in 2025 to 27 months.
Founder of the Miami crypto project CluCoin (alias 'DNPthree'). A military veteran, he pleaded guilty to wire fraud after siphoning ~$1.14M of investor funds into online casinos, and was sentenced in 2025 to 27 months in prison.
