(Bloomberg) — A man who originally got 18 months in prison for his part in a scheme to steal $22 million in cryptocurrency, saw his sentence increase dramatically to 12 years after failing to pay back his victim. Nicholas Truglia received the stiff new sentence Thursday, after US District Judge Alvin Hellerstein found he was willfully failing to comply with a previous agreement to pay nearly $20.4 million in restitution. Lawyers for Truglia immediately argued that Hellerstein abused his discretion in imposing such a long prison term. Truglia pleaded guilty in 2021 to participating in a complex scheme to gain control of the victim’s cell phone and steal more than $20 million of his cryptocurrency. He was charged as part of a ring of “evil computer geniuses” who tricked telecom employees into transferring customers’ cell numbers to SIM cards the hackers. The group targeted Michael Terpin, the founder and chief executive officer of Transform Group, which advises blockchain businesses on public relations. The hackers recruited Truglia to convert stolen digital tokens into Bitcoin after they drained Terpin’s cryptocurrency accounts. During Truglia’s initial sentencing hearing, it emerged that he had $53 million in assets, including crypto, art and jewelry. His lawyer, Mark Gombiner, argued in a court filing that Truglia has “surrendered every valuable asset he has access to,” including all the money in a Wells Fargo & Co. account. The case is US v. Truglia, 19-cr-00921, US District Court, Southern District of New York (Manhattan). More stories like this are available on bloomberg.com ©2025 Bloomberg L.P. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
Crypto scammer Truglia has been sentenced to 12 years in prison, an increase from the previous sentence of 18 months.
