Tag: Oyster

Oyster Protocol founder gets 4 years jail for $5.5M tax evasion

boss

Amir Bruno Elmaani, the 31-year-old founder of the now-defunct cryptocurrency scheme Oyster Protocol has been handed the maximum sentence of four years in prison for tax evasion. The United States Attorney’s Office said on Oct. 31 that Elmaani — also known by the alias “Bruno Block” — was sentenced to prison following his April 6 guilty plea where he admitted to secretly minting and selling Pearl tokens while not paying income tax on a swathe of profits from the project. Elmaani admitted that he caused tax losses of over $5.5…

‘Low income’ Oyster Protocol founder allegedly has $10M yacht full of gold bars

boss

Amir Burno Elmaani, the founder of the now defunct cryptocurrency scheme Oyster Protocol, has been arrested and charged for what the Department of Justice describes as a “multimillion-dollar tax evasion scheme.” On Dec. 9, the DoJ announced it had unsealed an indictment charging Elmaani, who is also known as “Bruno Block,” with tax evasion. The document also notes separate civil charges filed against Elmaani by the SEC. He was arrested on the same day. The indictment alleges the 28-year-old made “millions of dollars” from selling Oyster Pearl tokens, however failed…

More Details Emerge on Oyster Protocol Exit Scam

boss

Twitter Facebook LinkedIn Oyster Protocol issued $90,000,000 worth of PRL (pearl) near the end of last year. The crypto product is designed to enable website owners to earn money by participating in the storage and securing of files within the IOTA Tangle rather than advertising. Users contribute computing resources to the website instead of viewing advertisements. The PRL is the token of exchange, used by users of the file storage platform to store files and by the network to pay providers. As earlier reported in CCN, the originator of this…