Ohio Man Sentenced to Nine Years for $10M Crypto Ponzi Scheme

• Rathnakishore Giri was sentenced to nine years for a $10M crypto Ponzi scheme.
• Giri posed as an expert Bitcoin derivatives trader and used new investor funds to repay earlier victims. 
• Crypto-related fraud reached $11.36B in 2025, up 22% year-on-year across 181,565 complaints.

Rathnakishore Giri, a 31-year-old from New Albany, Ohio, was sentenced to nine years in federal prison plus three years of supervised release for running a $10 million cryptocurrency Ponzi scheme. 

Prosecutors said Giri falsely posed as a Bitcoin (BTC) derivatives trading expert, promising guaranteed high returns and principal protection while using new investor funds to pay earlier ones, defrauding victims primarily around Columbus, Ohio.

Giri had previously pleaded guilty in October 2024 to one count of wire fraud. Despite being on pretrial release after his guilty plea, he continued so…

Read The Full Article Ohio Man Sentenced to Nine Years for $10M Crypto Ponzi Scheme On Coin Edition.