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Scammer of elderly gets 8-year sentence

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Northborough man sentenced for aiding romance and lottery schemes targeting elderly

Boston   A Northborough man was sentenced today in federal court in Worcester for assisting in fraud schemes targeting elderly victims and agreeing to launder the proceeds of such schemes and other criminal activity, which totaled more than $600,000. Austin Nedved was sentenced by U.S. District Court Judge Timothy S. Hillman to 97 months and 17 days in prison (12 months of which is to run consecutively to a sentence Nedved is serving for a separate fraud conviction in the Eastern District of Kentucky), three years of supervised release and restitution of $569,750. In December 2020, Nedved pleaded guilty to one count of aiding and abetting wire fraud and one count of money laundering conspiracy.

Austin Nedved of Northborough sentenced to more than 8 years in prison after romance, lottery scheme defrauded $630,000 from seniors

Austin Nedved of Northborough sentenced to more than 8 years in prison after romance, lottery scheme defrauded $630,000 from seniors Updated 7:51 AM; A 29-year-old Northborough man received an 8-year prison term on Tuesday in federal court in Worcester for participating in romance and lottery schemes that targeted seniors and defrauded them of more than 600,000. Austin Nedved was sentenced by U.S. District Court Judge Timothy S. Hillman to 97 months and 17 days in prison. Twelve months of the sentence will run consecutively to a sentence Nedved is serving for a separate fraud conviction in the Eastern District of Kentucky. Nedved also received three years of supervised release and restitution of $569,750.

Localbitcoins Trader Facing up to 40 Years in Prison Over Bitcoin Fraud Schemes

Localbitcoins Trader Facing up to 40 Years in Prison Over Bitcoin Fraud Schemes A trader on Localbitcoins and Paxful has pleaded guilty to charges in connection with a couple of bitcoin scams. The U.S. Department of Justice alleges that the trader knowingly sold bitcoin to victims of fraudulent schemes. Bitcoin Trader Facing Jail Time The U.S. Department of Justice (DOJ) announced last week that a Boston man has pleaded guilty in federal court to his role in two bitcoin fraud schemes. Austin Nedved “pleaded guilty to aiding and abetting wire fraud and money laundering conspiracy,” the DOJ detailed, adding that the 29-year-old is currently “in custody serving a sentence for a separate fraud conviction.” The announcement states:

Northborough man pleads guilty in $600K fraud schemes targeting elderly

Northborough man pleads guilty in $600K fraud schemes targeting elderly
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