Hacker gets 30 months in prison for nearly $1 million cryptocurrency scam

A federal judge in Arizona on Monday sentenced a Florida man to 2 1/2 years in prison for conspiring to commit computer fraud and steal cryptocurrency.

The length of his sentence is exactly what prosecutors wanted.

Jordan Persad's prison term comes with an additional three years of probation and a restitution bill of approximately $1 million.

Federal prosecutors say in court records that Persad became the coordinator of a scam that relied on hijacking cellphone control to access and empty cryptocurrency accounts.

Some victims lost their life savings, while Persad reportedly bought designer clothes and luxury watches.

His Florida defense attorney points out that the scam began when Persad was still a minor.

Prosecutors cited his youth and cooperation in requesting a 30-month sentence.


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