U.S. Federal Jury Convicts Crypto-Pal Founder of Cryptocurrency Fraud, Faces Up to 20 Years in Prison

CoinFeed June 20 news, according to court documents from the U.S. Department of Justice (Eastern District of California U.S. Attorney's Office), a federal jury has convicted Daniel Chartraw (53) on multiple counts of cryptocurrency and investment fraud, with losses totaling nearly $1 million. Between March 2021 and February 2022, Chartraw and his associates controlled several companies, including Crypto‑Pal LLC and TDA Global LLC. Chartraw and his agents claimed that Crypto‑Pal was a web-based cryptocurrency trading company that guaranteed high returns with no risk. Chartraw also repeatedly claimed that TDA Global was engaged in the business of supplying aviation fuel to airlines, or operated its own cryptocurrency trading platform.