The defendant pleaded guilty on 28 September, ten days before sentencing, to conspiracy to commit fraud and transferring criminal property.

A 25-year-old man has been jailed for two and a half years for his involvement in SIM-swap fraud, which saw four people lose £200,000 worth of crypto in November 2021.

According to the City of London Police, Ajay Shinjin, also known as AJ Marley Cruz, received more than £44,000 from the proceeds of crime and used the money on luxurious vacations to Dubai, an expensive apartment, and gold-plated dental grills.

How the Swap Worked and Where the Money Went

It began in early November 2021, when BT spotted unauthorized activity on its…