Crypto scammer’s sentence bumped to 12 years from 18 months for welshing on debt
Nicholas Truglia was initially sentenced to 18 months behind bars for carrying out SIM-swapping attacks against crypto investors.
Nicholas Truglia, a crypto scammer convicted in 2022 and initially sentenced to 18 months in prison, had his sentence extended to 12 years on Thursday for failure to pay back a victim he targeted in 2018.
Truglia failed to pay over $20 million in restitution to crypto investor and CEO of the public relations company Transform Group, Michael Terpin, according to Bloomberg.
“At sentencing, Mr. Truglia demonstrated a willingness to repay his victim the entire amount stolen,” Judge Alvin Hellerstein wrote in a July 2 order. The order also read: