Odaily Planet Daily News: The Connecticut District Attorney's Office recently announced that Missouri resident Lyell Champagne Jr. was sentenced to three years in federal prison for fraud and tax crimes involving cryptocurrency. The Federal Bureau of Investigation (FBI) and the Internal Revenue Service (IRS) investigated the case. According to court documents, the Department of Justice explained that between March 2021 and April 2022, the man and his accomplice Kristian Gupta attempted to steal funds from victims' bank accounts by obtaining online credentials and transferring funds to cryptocurrency accounts under their control. The two also tried to win over bank insiders, but a secret investigation thwarted their conspiracy. In addition to this fraud, Champagne also filed false tax returns for a non-existent company "Shireberk International" from 2018 to 2021 and received a refund of $34,449,935. Champagne pleaded guilty to bank fraud and false claims on June 11. His accomplice Gupta pleaded guilty in April and will be sentenced on September 19. (Bitcoin.com)