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Crypto celebrity (TJ Stone) sentenced to 45 months in prison and fined more than $1.3 million for fraud

A U.S. federal court on Friday sentenced Brooklyn podcast host and cryptocurrency celebrity Thomas John Sfraga (TJ Stone) to 45 months in prison and fined $1,337,700 for telecom fraud, the Internet reported. A Justice Department announcement shows that Sfraga defrauded investors of approximately $2 million through cryptocurrency and real estate investment scams between 2016 and 2022. He also promised an investor that his fake crypto wallet project would provide a return of 60% within three months, but then misappropriated funds to cover old debts and personal consumption. In addition, he also lied about running multiple companies.

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