Daniel Chartraw Convicted in Crypto-Pal Fraud Scheme That Cost Investors Nearly $1M

According to the U.S. Department of Justice, on June 18, federal jurors convicted Daniel Chartraw, 53, of cryptocurrency fraud schemes involving Crypto-Pal LLC and TDA Global LLC that cost investors nearly $1 million. Chartraw and associates guaranteed high returns with no risk through fake trading platforms operating from March 2021 to February 2022. Evidence showed he used aliases including "Leonard" and "Leon" to conceal his identity and repeatedly accessed bank accounts to withdraw cash and redirect investor funds to personal accounts. Victims received neither returns nor repayment of their principal. Chartraw faces a maximum statutory penalty of 20 years in prison and a $250,000 fine for each count.
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