Crypto mogul Do Kwon sentenced to 15 years
NEW YORK (AP) — Onetime cryptocurrency mogul Do Kwon has been sentenced to 15 years in prison after a $40 billion crash revealed his crypto ecosystem to be a fraud. Victims said Thursday that the 34-year-old financial technology whiz weaponized their trust to convince them that the investment was safe. But it was secretly propped up by cash infusions. Kwon apologized after listening to victims describe how the scam wiped out nest eggs, depleted charities and wrecked lives. One told the judge in a letter that he contemplated suicide after his father lost his retirement money in the scheme.