Crypto Investors Lost Nearly $1 Million to Promises of Guaranteed Returns

The U.S. Department of Justice (DOJ) announced June 18 that federal jurors convicted Daniel Chartraw, 53, formerly of South Lake Tahoe and Lodi, California, after an eight-day trial tied him to cryptocurrency and investment fraud schemes that cost investors nearly $1 million. The case involved Crypto-Pal LLC, TDA Global LLC, and victims across the country.

Prosecutors presented a case built on false guarantees, sham ventures, and investor funds that were never used as promised. The schemes ran from March 2021 to February 2022, during which Chartraw and an associate controlled multiple companies and communicated with investors via calls, texts, emails, Microsoft…