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SoCal Man Who Laundered $263M in Stolen Crypto, Lived 'Fantastically Extravagant' Lifestyle, Sentenced to Prison

Summary by WGN 9
(KTLA) - A 22-year-old man from Newport Beach, California, was sentenced to 70 months in prison for stealing  $263 million in cryptocurrency to fund a “fantastically extravagant” lifestyle, U.S. Attorney Jeanine Pirro announced Friday. The culprit, Evan Tangeman, used an “elaborate social engineering scheme orchestrated by a multi-state criminal enterprise” to steal the cryptocurrency, Pirro [...]

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U.S. justice sentenced Evan Tangeman, a 22-year-old California youth, to 70 months in prison for his involvement in a criminal network that stole nearly $263 million in cryptocurrencies through social engineering scams. The case again focuses on the advance of crypto fraud, money laundering, and the increase in physical attacks against investors. *** Evan Tangeman was sentenced to 70 months in prison and 3 years of supervised release. The defend…

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Kenya Times Trending, Breaking News and Videos broke the news on Saturday, April 25, 2026.
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