“Thomas John Sfraga, known as “TJ Stone,” pleaded guilty to fraud in federal court in Brooklyn. According to the US Department of Justice, Sfraga defrauded investors by promising up to 60% profits in three months through a non-existent cryptocurrency wallet. Instead of delivering on his promises, he allegedly used these funds for personal use. 😱 Sfraga, whose activities included real estate development and running cryptocurrency events in New York, now faces up to 20 years in prison."