PANews July 18 news, according to Cointelegraph, former football player Shane Donovan Moore was sentenced to two and a half years in prison for operating a cryptocurrency mining Ponzi scheme. Between 2021 and 2022, Moore defrauded over 40 investors of more than $900,000 through his company Quantum Donovan, with promised daily returns of 1% actually being funds misappropriated from new investors to pay off old debts. Investigations revealed that Moore used the funds to purchase luxury apartments, designer handbags, and other personal expenses. A federal judge in Seattle pointed out that his actions not only caused economic losses but also inflicted psychological trauma on the victims.
