AirBit Club ‘Ponzi’ Co-Founder Sentenced to 12 Years in Prison

The co-founder of AirBit Club, a cryptocurrency pyramid scheme that defrauded investors of over $100 million, has been sentenced to 12 years in prison. This sentence follows his guilty plea to conspiracy charges related to wire fraud in a United States District Court, which occurred seven months prior.

Rodriguez, who played a significant role in the operation of AirBit Club, was involved in promoting the scheme as a legitimate crypto mining venture. This case highlights the serious consequences of fraud in the cryptocurrency space.