California Money Launderer Sentenced to 70 Months for $263 Million Crypto Scheme

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Source: Department of Justice (.gov)
California Money Launderer Sentenced to 70 Months for $263 Million Crypto Scheme
Photo: Department of Justice (.gov)
TL;DR

A U.S. District Court in Washington, D.C., sentenced Evan Tangeman, 22, of Newport Beach, to 70 months in prison for laundering at least $3.5 million generated by a multi-state social-engineering scheme that stole more than $263 million in cryptocurrency; he helped destroy electronic evidence when co-conspirators were arrested, and the scheme funded luxury cars, mansions, and other lavish purchases across California, Florida, and beyond.

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