New Orleans Man Convicted of Defrauding Customers Through Unlicensed Bitcoin Deals | USAGE-EDLA

These investment mistakes will cost you money

U.S. Attorney Evans praised the work of the FBI New Orleans Field Office and the U.S. Secret Service New Orleans Field Office. Assistant United States Attorney Matthew R. Payne is in charge of the prosecution. Judge Ashe sentenced YUSKO to one year and one day of prison, as well as three years of supervised release and a $100 mandatory special assessment fee. As part of his sentence, YUSKO was ordered to make full restitution to victims in the amount of $411,009.00.

The court documents detail how customers communicated with YUSKO and paid him tens of thousands of dollars for bitcoin. While YUSKO did carry out transactions with many customers, he failed to fulfill other transactions, and then he failed to return the U.S. dollars deposited in his accounts. YUSKO admitted to being responsible for $201,399.00 in losses to victims.

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  • New Orleans Man Convicted of Defrauding Customers Through Unlicensed Bitcoin Deals | USAGE-EDLA
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