Finance News – Restitution

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Crypto News • Jul 11, 2025

Crypto scammer Nicholas Truglia sentenced to 12 years in prison for failing to pay $20m restitution

Nicholas Truglia received a 12-year prison term after being unable to fulfill a $20 million restitution obligation related to a SIM-swap incident targeting victims in 2018.

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Decrypt • Jul 11, 2025

SIM Swapper Who Stole $20 Million in Crypto Resentenced to 12 Years in Prison

The individual responsible for gaining unauthorized access to digital accounts causing substantial cryptocurrency losses received an extended prison sentence due to nonpayment of f...

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The Block • Jul 10, 2025

Convicted crypto scammer Nicholas Truglia sentenced to additional 12 years in prison for failing to...

Nicholas Truglia received an extended prison term due to his failure to fulfill a $20 million financial penalty related to a fraudulent cryptocurrency scheme involving unauthorized...

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