A federal court in Washington, D.C., sentenced Marlon Ferro, 20, of Santa Ana, California, to 78 months in prison over his role in a social engineering group that stole well over $250 million in crypto from U.S. victims.Â
Summary
- Ferro received 78 months after prosecutors linked him to burglaries targeting high-value crypto hardware wallets.
- The ring stole over $250 million through fake calls, database hacks, laundering, and residential break-ins.
- FBI data shows crypto fraud losses topped $11 billion as global enforcement actions keep widening.
The Justice Department said the court also ordered three years of supervised release and $2.5 million in…
