sentencing

Crypto Fraudster Eugene William Austin Jr. Gets 18-Year Sentence for $12M Scam

Crypto Fraudster Eugene William Austin Jr. Gets 18-Year Sentence for $12M Scam

Eugene William Austin Jr., 62, of Port Jefferson, New York, was sentenced to 18 years in prison. He led a complex, multi-year scheme that defrauded more than two dozen victims of almost $12 million. Nicky Austin was sentenced today by U.S. District Judge P. Kevin Castel.In September 2024, a federal...
LabHost Fallout: 8 Years for Bitcoin-Fueled Phishing Kingpin

LabHost Fallout: 8 Years for Bitcoin-Fueled Phishing Kingpin

The recent sentencing of the ringleader behind LabHost, a platform enabling widespread phishing attacks, marks a significant victory in the fight against cybercrime. The story of this case demonstrates how law enforcement is smartening up. They’re improving their ability to trace and prosecute illegal activities funded by cryptocurrencies, such as...