⚖️ Oyster Protocol founder and lead developer, Amir Bruno Elmaani, sentenced to four years in prison for $5.5 million tax evasion. Admitted to secretly issuing and selling PRL tokens without paying income tax. PRL tokens were issued through a smart contract in October 2018 and sold on a cryptocurrency trading platform. #CryptoTaxEvasion 🏛️💼🔒📜

Oyster Protocol founder will have to serve a 4 year jail term for tax evasion.

Amir Bruno Elmaani, the 31-year-old founder of the now-defunct project, had admitted in April to secretly minting and selling Pearl tokens while not paying income tax on his profits.

His tax evasion caused the exchequer loss of $5.5M.

#cryptonewstoday #CryptoTaxEvasion