BTC-e founder pleads guilty in $9 billion laundering conspiracy

From Cointelegraph: 2024-05-04 05:48:14

A federal district court judge is set to determine the sentence for a former lottery security official who rigged the system to win millions of dollars in jackpots. The sentencing will be based on U.S. Sentencing Guidelines and other statutory factors.

The former lottery security official admitted to using his position to rig the lottery system in five states, resulting in $2.3 million in fraudulent winnings. The prosecution is seeking a seven-year prison sentence for his crimes.

The ex-security official will be sentenced in accordance with federal guidelines for his role in the lottery fraud scheme. The case highlights the importance of upholding integrity in the lottery system and holding individuals accountable for abusing their positions.

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