<ul data-eligibleForWebStory="true"><li>Crypto Ponzi mastermind, Golden, sentenced to 8 years for running fraudulent crypto trading companies EmpowerCoin, ECoinPlus, and Jet-Coin.</li><li>The scam operated for four months in 2017, deceiving investors with promises of profits but engaging in no actual trading.</li><li>Golden and his associates obstructed investigations and destroyed evidence to cover their tracks after shutting down the fraudulent operations.</li><li>Authorities advise victims to seek restitution and warn about ongoing crypto scams like the $36.9 million scheme linked to Cambodia. More than $2.1 billion has been lost to crypto fraud in 2025.</li></ul>

Crypto Ponzi Mastermind Sentenced to 8 Years Over $40M Fraud

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