Former semi-pro rugby player Shane Moore once had a promising career — instead, he abused the trust of teammates and friends to run a crypto Ponzi scheme that funded his lavish lifestyle. Now, he’s headed to federal prison for 30 months.

Moore, originally from Seattle, began recruiting investors in early 2021 into a fake company called Quantum Donovan LLC, which he claimed was running a crypto mining operation. Those who invested were promised a 1% daily return. But the operation never existed.

💸 No Mining Rigs — Just Designer Bags and Luxury Apartments

Instead of buying mining equipment, Moore transferred the money to his personal accounts. He spent it on luxury real estate, designer clothes, high-end electronics, and other expensive goods. A portion of the funds went toward paying out early investors — just enough to keep the illusion alive and attract more victims.

In total, Moore defrauded over 40 individuals, including more than $387,000 from fellow rugby players across Washington, Oregon, Utah, Connecticut, and New Jersey.

⚖️ Classic Ponzi Scheme in a Crypto Disguise

“Shane Moore exploited people’s trust and their lack of understanding of crypto to pull off a classic Ponzi scheme,” said one of the federal prosecutors. “He used personal relationships to inflict not only financial but deep emotional harm.”

During sentencing, Judge Tana Lin emphasized that Moore’s actions caused victims to suffer psychological damage, beyond the money they lost.

Moore eventually pleaded guilty and received 2.5 years in prison, along with a restitution order. However, the full repayment schedule has not yet been made public.

🌐 Crypto Fraud Keeps Growing

Moore's case is just one piece of a larger trend: crypto scams are exploding in 2025. According to analysts, over $2.17 billion has already been stolen this year — surpassing the total for all of 2024.

And Moore’s scheme isn’t even the biggest. Just last month, two executives behind OmegaPro were charged with operating a $650 million Ponzi scheme, disguised as a forex-based crypto platform. Like Moore, they flaunted a luxury lifestyle and promised high returns, until withdrawals were blocked in 2023 and they vanished.

🎯 Final Note

Now behind bars, Moore joins a growing list of modern-day con artists who ended up in prison with shattered reputations and dozens of victims left behind. His story stands as a strong warning to anyone chasing get-rich-quick promises or blindly trusting charismatic figures offering easy money.

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