AirBit Club Co-Founder Sentenced to 12 Years for Crypto Scheme!

The post AirBit Club Co-Founder Sentenced to 12 Years for Crypto Scheme! appeared first on Coinpedia Fintech News

Pablo Renato Rodriguez, co-founder of AirBit Club, has been convicted and sentenced to 12 years in prison for his involvement in a global cryptocurrency pyramid scheme that cheated investors of $100 million. Rodriguez was a key player in the operation, which was marketed as a crypto mining and trading firm but turned out to be a sophisticated money laundering operation. His co-defendants, Gutemberg dos Santos, Scott Hughes, Cecilia Millan, and Karina Chairez, have also pleaded guilty and are awaiting sentencing. The AirBit Club case highlights the need for investor education and caution when investing in crypto ventures.