A New York man impersonated a crypto KOL to carry out a $1.4 million scam and was sentenced to 15 months in prison
By: rootdata|2026/06/24 06:42:03
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A New York man was sentenced to 15 months in prison and 3 years of supervised release by a U.S. court for impersonating a cryptocurrency influencer on Telegram and using false staking returns as bait to defraud investors. 39-year-old Noman Saleem pleaded guilty to wire fraud in September 2025.
Prosecutors stated that he created multiple fake Telegram accounts impersonating well-known crypto KOLs and attracted thousands of people to join his channels, even setting up paid "VIP sub-channels." Saleem claimed to victims that he could provide "guaranteed returns" through crypto staking or investment opportunities, inducing many to transfer their crypto assets into wallets under his control. However, prosecutors indicated that he did not actually engage in any staking operations and ceased communication after obtaining the funds, taking the victims' assets with him.
The case resulted in losses exceeding $1.4 million, and the U.S. government has recovered and seized most of the funds.
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