Key Takeaways
- Prosecutors said additional cryptocurrency investors lost money after Giri’s guilty plea was entered.
- Authorities linked the fraud scheme to more than $10 million in investor funds.
- Investigators said newer deposits were used to repay earlier participants in the operation.
Ohio Crypto Fraud Scheme Leads to 9-Year Sentence
A cryptocurrency investment fraud scheme that raised more than $10 million from investors led to a nine-year prison sentence for Rathnakishore Giri, 31, of New Albany, Ohio. The Department of Justice (DOJ) announced the sentence on May 18, 2026. Many investors affected by the scheme lived in or around Columbus, Ohio. The sentence also includes three years of supervised release.
Investors were told Giri was…
