ICO Pitchmen Sentenced to Prison for $1.9 Million Crypto Scam

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Two crypto founders were sentenced to federal prison Monday for scamming investors out of $1.9 million. According to a release published by the U.S. Attorney’s office in California, Jeremy McAlpine and Zachary Matar have been convicted of securities fraud and sentenced to 3 years and 2.5 years in prison, respectively. During the crypto ICO craze of 2017, McAlpine and Matar founded Dropil, a crypto company established in Belize but operating out of Fountain Valley, California. Dropil created a ...

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