【Developer of a Rug Pull NFT project on Solana sentenced for conspiracy to commit wire fraud and money laundering】Golden Finance reported that a federal jury in Florida has found 21-year-old NFT developer Berman Jerry Nowlin (also known as Repulse and Zayous) guilty of conspiracy to commit wire fraud and money laundering, and he faces a maximum sentence of five years in prison, with sentencing scheduled for January 23, 2025. Nowlin and co-defendant Devin Alan Rhoden minted the 'UndeadApes' and 'Undead Lady Apes' NFT series on Solana, with Nowlin serving as the developer for both projects, which included creating NFTs using an art engine, managing blockchain protocols, and writing Solana smart contracts. The two then executed a Rug Pull on a third NFT series, Undead Tombstone, deleting their Discord and Twitter accounts in April 2022, cutting off all communication with investors, and receiving nearly $400,000 in cryptocurrency through these three NFTs. Rhoden pleaded guilty to conspiracy to commit wire fraud and money laundering on May 24, 2024. His sentencing hearing is scheduled for November 20, 2024.

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