Creador de la colección Mutant Ape Knockoff NFT arrestado por fraude $3B

El ex gerente de Coinbase busca pena de cárcel

  • Ishan explotó información corporativa mientras trabajaba en Coinbase y ayudó a su hermano a ganar más de $1 millones entre 2021 y 2022.
  • Ishan Wahi’s attorney urged the judge to consider his immigration status, arguing that his crime was a non-violent offense and he had no criminal history before his arrest.
  • Ishan’s mother and other close relatives, as well as friends, attended the sentencing in person.

US District Judge Loretta Preska has sentenced a former product manager at Coinbase, Ishan Wahi, 32, to 24 months in prison for insider trading. Ishan was arrested and charged in 2022 for wire fraud and providing insider information to his brother Nikhil Wahi and their friend Sameer Ramani about upcoming digital asset listings at Coinbase Global. Reports claim that the group made over $1 million in profit trading on Ishan’s information between 2021 and 2022.

base de monedas
base de monedas

El caso es uno de los delitos relacionados con las criptomonedas de más alto perfil y el segundo caso de uso de información privilegiada sobre criptomonedas. perseguido por el Departamento de Justicia (DOJ). Nikhil fue acusado de conspirar para cometer fraude electrónico en septiembre y se declaró culpable. Le dieron una pena de prisión de 10 meses en enero. Sin embargo, Ramani no ha sido localizado.

El fiscal federal Damian Williams dijo en un declaración,

Ishan Wahi, a former Coinbase product manager, violated the trust placed in him by his employer by tipping others with valuable confidential information regarding Coinbase’s planned token listings. Today’s sentence should send a strong signal to all participants in the cryptocurrency markets that the laws decidedly do apply to them. The Southern District of New York will hold those who engage in insider trading to full account, regardless of whether their illegal conduct occurs in the equity markets or in the market for crypto assets.

Ishan’s Case to Serve as an Example

Judge Preska ordered Ishan to turn himself in by June 21 to serve his term at the New Jersey-based Fort Dix Federal Correctional Institution. Ishan had requested a sentence that was not longer than his brother’s, pointing to prior instances of insider trading that ended in minimal or no prison time.

Ishan’s counsel urged the judge to consider his client’s immigration status and grant him a lesser sentence. He said, “I submit that there’s no need for this court to impose additional punishment. He has lost his job. He has lost his reputation. He has suffered an enormous amount of negative publicity both here in the United States and in India.”

Interestingly, prosecutors called for Ishan’s case to be used as an example to dissuade other crypto insiders from exploiting confidential information. Some prosecutors believed a jail term of three years or more would send a strong message to others.

“This was not a one-off mistake — this was over a ten-month period […] Having access to the kind of information that this defendant had access to was like being able to read the newspaper a day in advance,” prosecutors said.

Independientemente del tipo de activo involucrado, los fiscales tienen derecho a presentar una acusación de fraude en los casos en que se utilizó la deshonestidad para obtener un beneficio económico. De esta manera, el Departamento de Justicia de los EE. UU. tiene más flexibilidad que su contraparte civil, la Comisión de Bolsa y Valores de los EE. UU. (SEC), para perseguir delitos relacionados con las criptomonedas. La SEC está restringida a supervisar los mercados de valores, pero ha estado ampliando su jurisdicción a la industria de la criptografía al afirmar que la mayoría de los tokens son valores no registrados.

The SEC also filed a charge against Ishan and Nikhil Wahi, arguing that their trades involved securities. However, court documents showed that the brothers reached an understanding with the regulator to resolve the claims.

Lawrence Woriji
Lawrence Woriji Autor verificado

He cubierto algunas historias emocionantes en mi carrera como periodista y encuentro muy interesantes las historias relacionadas con blockchain. Creo que Web3 cambiará el mundo y quiero que todos sean parte de él.

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