Foresight News reports 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, with a maximum sentence of five years in prison. Sentencing is set 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 involved creating NFTs using an art engine, managing blockchain protocols, and writing Solana smart contracts. Subsequently, the two executed a Rug Pull on a third NFT series, Undead Tombstone, by deleting their Discord and Twitter accounts in April 2022, cutting off all communication with investors, and receiving nearly $400,000 in cryptocurrency from 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.
