Austin Michael Taylor Faces 20 Years for $1.14M Fraud; Feds Use NFTs to Contact Victims

Aug 22, 2024, 10:24 PM

Austin Michael Taylor, founder of the Miami-based cryptocurrency project CluCoin, has pleaded guilty to a wire fraud scheme involving $1.14 million. Taylor admitted to misusing investor funds to support his online gambling addiction. He now faces up to 20 years in prison. In response to the guilty plea, federal authorities plan to contact victims using NFTs as a means of communication.