- Jeremy Spence, a crypto trader called “Coin Signals,” has been sentenced to 42 months in prison.
- Spence was convicted of defrauding 170 people of more than $5 million.
- Spence cheated people by pretending his crypto trades were more profitable than they really were.
A 25-year-old Rhode Island cryptocurrency trader known by the nickname “Coin Signals” has been sentenced to 42 months in prison for defrauding 170 people of more than $5 million.
Jeremy Spence was hit with the prison term this week for a crypto scam that he ran from November 2017 to April 2019. According to a Justice Department press release, Spence managed various crypto investment pools, then solicited money from eager investors, claiming that his trades were far more profitable than they were.
The…
