2026-01-16 04:28:57

A verdict from the U.S. Department of Justice is worth noting. A 54-year-old man from Washington County, Utah, Brian Garry Sewell, was sentenced to 36 months in federal prison for engaging in illegal cash-to-cryptocurrency exchange activities and committing investment fraud. After serving his sentence, he will also be under 3 years of supervised release.

How serious is this case? Let's look at the numbers—Sewell defrauded at least 17 investors of approximately $2.9 million. The court subsequently ordered him to pay over $3.8 million in restitution to compensate victims and the U.S. Department of Homeland Security. Additionally, more than $5.4 million was transferred from his Rockwell Capital Management account.

What is even more alarming is his method of operation. From December 2017 to April 2024, over six years, Sewell repeatedly fabricated his professional experience, educational background, and investment capabilities to sell false promises of high returns to investors. How effective was this scam? It wasn't until the Salt Lake City division of the FBI began investigating in 2020 that it took nearly five years to fully uncover the scheme.

The FBI agent overseeing the case noted that such profit-making activities through false promises cause severe financial trauma to individuals and families. For digital asset investors, this case serves as a reminder—high return promises often conceal high risks. Before investing in any cryptocurrency-related plans, verifying the true background and credentials of the other party is an essential safeguard.

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MainnetDelayedAgain

· 01-16 04:56

More than 6 years without being caught, this guy's "postponement art" is indeed worth recommending for the Guinness World Records... According to the database, it has been 6 years and 4 months since the first deceptive promise. The project team's pie has only now been eaten by the FBI—truly an art of time.

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MEVEye

· 01-16 04:55

Six years, this guy's scam surprisingly went unnoticed for so long... indicating there are too few people monitoring the market --- Starting with 2.9 million in fraud amount, and still having to pay back 3.8 million, this is the cost of the US judiciary --- It's the same old high-yield promise trick, scam investors never get tired of changing skins --- Wait, what about the flow of 5.4 million USD? That's the real focus, right? --- From 2017 to 2024, can't we really check the on-chain data... --- They said the defense line was KYC, but so many people still fell for it. What's the point? --- It took 6 years to crack the case... the FBI's efficiency is really... --- These rotten apples have damaged the confidence of many newcomers in investing, it's exhausting --- High-yield promises are always the first red flag, basic common sense, brothers --- The most memorable thing was the fabricated educational background, a standard for professional scammers

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EntryPositionAnalyst

· 01-16 04:46

Six years... This guy really refined his scam techniques. $2.9 million just disappeared like that. --- Another old trick of promising high returns. And some people still believe it. DYOR, friends. --- $5.4 million in transactions can be hidden for so long? Seems like AML detection should also reflect and improve. --- Scammed from 2017 to 2024. Why did it take the FBI five years to respond? The efficiency is a bit... --- Just making up a background and bragging, and daring to play. In the past, in the crypto world, this would have been routine. --- $3.8 million in compensation... Victims probably get less than one-tenth of that. Reality is so harsh. --- Rockwell Capital Management sounds legit, but actually, it’s nothing. Remember that. --- Every time I see cases like this, I think of those around me who got scammed. They just handed over everything with one sentence. --- 36 months? That sentence feels a bit light. $2.9 million USD, isn’t that enough to be harsh? --- Again reminding us to DYOR, but those truly scammed have long forgotten about KYC behind their minds.

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