Carding 4 Carders
Professional
The creator of the fraudulent cryptocurrency scheme Oyster Protocol Amir Bruno Elmaani, also known under the pseudonym Bruno Block, received 4 years in prison for tax evasion in the amount of $5.5 million.
In April of this year, Amir Bruno Elmaani admitted that he created a fraudulent Oyster Protocol scheme and "secretly" issued and sold Pearl tokens, while not paying income taxes. The total damage to the state amounted to $5.5 million. At the same time, Elmaani deliberately integrated the "erroneous" function for issuing Pearl tokens into the project's smart contracts. This allowed him to carry out an exit scam.
"Amir Elmaani violated the obligation to pay taxes on millions of dollars of profits from the sale of cryptocurrencies. He also violated the trust of investors in the token that he founded," said District Attorney Damian Williams.
The Oyster Protocol project was launched in the fall of 2017 and was promoted under the guise of a decentralized data storage protocol. In October 2018, Elmaani issued and sold a huge number of Pearl tokens, which brought down the price of tokens and devalued investors investments. Bruno Block said that he did this in secret from everyone, even from the project staff.:
"I knew perfectly well that the people who bought the Pearl tokens were not aware that I had issued a lot of tokens and increased their total number."
Elmaani spent the funds on yachts, houses and launching new companies that are not related to cryptocurrencies. He was charged back in 2020.
In April of this year, Amir Bruno Elmaani admitted that he created a fraudulent Oyster Protocol scheme and "secretly" issued and sold Pearl tokens, while not paying income taxes. The total damage to the state amounted to $5.5 million. At the same time, Elmaani deliberately integrated the "erroneous" function for issuing Pearl tokens into the project's smart contracts. This allowed him to carry out an exit scam.
"Amir Elmaani violated the obligation to pay taxes on millions of dollars of profits from the sale of cryptocurrencies. He also violated the trust of investors in the token that he founded," said District Attorney Damian Williams.
The Oyster Protocol project was launched in the fall of 2017 and was promoted under the guise of a decentralized data storage protocol. In October 2018, Elmaani issued and sold a huge number of Pearl tokens, which brought down the price of tokens and devalued investors investments. Bruno Block said that he did this in secret from everyone, even from the project staff.:
"I knew perfectly well that the people who bought the Pearl tokens were not aware that I had issued a lot of tokens and increased their total number."
Elmaani spent the funds on yachts, houses and launching new companies that are not related to cryptocurrencies. He was charged back in 2020.
