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- Nicholas Truglia has been resentenced to 12 years in jail for willfully failing to repay $20 million in stolen cryptocurrency
- Truglia before all the pieces got an 18-month sentence contingent on elephantine restitution to the sufferer, Michael Terpin
- Despite having enough property, Truglia has now now not repaid any of the funds, prompting a harsher penalty
A Recent York federal deem has resentenced Nicholas Truglia to 12 years in jail after figuring out he willfully didn’t repay virtually $20 million in stolen cryptocurrency to the sufferer, Michael Terpin. Truglia’s contemporary sentence bigger than doubles the federal guideline of 51–63 months after he reneged on a restitution deal tied to his preliminary 18‑month term. Prosecutors relied carefully on courtroom video evidence showing Truglia boasting about shielding stolen crypto even though jailed for a decade, and the deem apparently famend these boasts.
From 18 Months to 12 Years
Nicholas Truglia used to be convicted in 2021 for taking portion in a 2018 SIM‑swap procedure that hijacked over $20 million in crypto from Terpin. He used to be before all the pieces assign apart sentenced to 18 months in jail in December 2022, but this sentence came with a strict situation: that he repay bigger than $20 million in restitution. Despite having property reportedly exceeding $50 million, in conjunction with crypto, art and luxury items, he paid “now now not one cent,” primarily based fully on Resolve Alvin Hellerstein. That failure triggered the deem to impose a vastly harsher 144‑month sentence.
All over the sentencing hearing, the courtroom highlighted Truglia’s persisted fling of funds and lavish spending even after his originate; prosecutors famend he transferred crypto and acquired luxury items pretty than paying restitution. Crucially, video evidence, offered in courtroom, confirmed Truglia boasting that crypto couldn’t be seized fancy bank-held funds, announcing he would possibly perhaps perhaps withhold onto it “even though I’m in jail for ten years.” Terpin described the 2d as the case’s “Perry Mason 2d,” signaling a turning point in how courts take care of crypto theft.
Truglia’s Attorney Will Allure
Resolve Hellerstein’s resolution reflects a broader crackdown on cryptocurrency‑connected crimes, signalling that evading restitution with digital property won’t be tolerated. Satoshi Nakamoto faker Craig Wright would possibly perhaps perhaps unbiased aloof listen: he owes W&K Files Protection LLC almost $144 million following a 2021 courtroom defeat within the U.S. and hasn’t paid a penny of it. Truglia’s lawyer, Impress Gombiner, asserted the sentence constitutes “an out of the ordinary abuse of discretion,” and intends to charm. Federal prosecutors viewed the resolution as a valuable deterrent towards misuse of inaccessible wallets and lavish spending at victims’ expense .
Truglia is expected to be remanded at once, serving out the newly imposed 12‑yr term and extra supervised originate. Even as crypto crime enforcement ramps up, with latest cases provocative cash‑laundering rings and terrorism‑linked funds, the Truglia precedent would possibly perhaps perhaps unbiased trace a pivotal 2d in conserving digital asset thieves to blame, in particular when they refuse to compensate their victims.
