Nicholas Truglia, a convicted crypto scammer, had his prison sentence increased from 18 months to 12 years due to his failure to repay over $20 million to victim Michael Terpin, a crypto investor and CEO of Transform Group. Truglia was initially sentenced in 2022 for wire fraud after executing a SIM-swapping scheme that compromised Terpin's phone and led to the theft of his cryptocurrency. Despite a court order for restitution, Truglia did not make any payments, prompting Judge Alvin Hellerstein to extend his sentence. In addition to the prison term, Truglia was also given three years of supervised release. Terpin, who lost $24 million in the scam, had previously filed a $224 million lawsuit against AT&T for negligence, as well as a $75 million civil suit against Truglia, which resulted in a court ruling in his favor in 2019. The case highlights the risks of SIM-swapping and the importance of securing personal information. Read more AI-generated news on: https://app.chaingpt.org/news