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Two Orange County men expected to plead guilty in $1 8-million cryptocurrency swindling case [Daily Pilot, Costa Mesa, Calif ]

FAIRFIELD-SUISUN, CALIFORNIA Two Orange County men expected to plead guilty in $1.8-million cryptocurrency swindling case [Daily Pilot, Costa Mesa, Calif.] Jul. 8 Two Orange County men stand accused by federal prosecutors of swindling thousands of investors into purchasing $1.8 million in cryptocurrency that allegedly provided exclusive access to a trading program that they falsely claimed was profitable. Jeremy David McAlpine, 25, of Fountain Valley, and Huntington Beach resident Zachary Michael Matar, 28, each face one count of securities fraud and are expected to plead guilty, according to plea agreements filed on July 2. The United States Attorney ‘s Office said in a statement prosecutors expect the two to do so in the coming weeks.

Two Orange County men expected to plead guilty in $1 8-million cryptocurrency swindling case

Print Two Orange County men stand accused by federal prosecutors of swindling thousands of investors into purchasing $1.8 million in cryptocurrency that allegedly provided exclusive access to a trading program that they falsely claimed was profitable. Jeremy David McAlpine, 25, of Fountain Valley, and Huntington Beach resident Zachary Michael Matar, 28, each face one count of securities fraud and are expected to plead guilty, according to plea agreements filed on July 2. The United States Attorney’s Office said in a statement prosecutors expect the two to do so in the coming weeks. Court documents say the duo ran the operation out of Dropil, Inc., a Belize-based company that operated out of Fountain Valley that managed digital investments, which are defined as an asset that is issued and transferred using distributed ledger or blockchain technology, like Bitcoin cryptocurrency.

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