Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Cryptocurrency»Calif. woman sentenced to jail for local cryptocurrency scam
    Cryptocurrency

    Calif. woman sentenced to jail for local cryptocurrency scam

    March 12, 20252 Mins Read


    A California woman was ordered Wednesday to serve at least five months in jail for her role for an attempted scam involving cryptocurrency investments.

    Yamei Shi, 35, pleaded guilty in Westmoreland County to felony counts of deceptive business practices and the criminal use of a communication device as part of a plot to bilk an undercover state police trooper who posed as a local businessman.

    Shi, who appeared in court without a lawyer and with the help of a Mandarin translator, was sentenced by Westmoreland County Common Pleas Court Judge Scott Mears to serve up to 23 months in jail. The judge said Shi is to be paroled as early as next month.

    “Honestly, I can’t stand being in jail,” Shi said through her translator when asked by the judge why she pleaded guilty to the charges.

    As part of the plea deal, prosecutors dismissed charges of racketeering, theft and an additional deceptive business count. Shi was at first suspected of bilking a local victim, officials said, but instead was the target of a sting operation initiated by the U.S. Department of Homeland Security based on allegations she operated a similar scam in Michigan.

    Prosecutors said Shi claimed to represent a bogus financial institution selling investments in cryptocurrency exchange.

    Federal law enforcement learned Shi was in Westmoreland County and called in the state police to set up a sting in New Stanton. According to court records, an agent made contact with Shi to make a $200,000 investment.

    Agents met Shi in hotel parking lot in New Stanton, where an agent exchanged bag of cash for what investigators said in exchange for a crytpo “token” that was actually a $1 bill.

    Shi has been in jail in lieu of a $500,000 bond since her arrest Nov. 18.

    Assistant District Attorney Matthew Wirick said there were no immigration detainers lodged against Shi prior to her arrest and that she had no record of criminal convictions in the United States. He said Shi held legal residency status, but had no information whether she faced deportation following her guilty plea.

    Rich Cholodofsky is a TribLive reporter covering Westmoreland County government, politics and courts. He can be reached at rcholodofsky@triblive.com.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    SBP to Roll Out Pilot for Pak’s Own Digital Currency

    Cryptocurrency

    Digital Currency Coming to Pakistan: SBP Confirms Pilot Launch Plan

    Cryptocurrency

    Pakistan to launch digital currency? Here’s all you need to know

    Cryptocurrency

    SBP plans pilot for digital currency – Newspaper

    Cryptocurrency

    Cryptocurrency News Live: Bitcoin, Ethereum, Solana prices today; memecoin updates

    Cryptocurrency

    Pakistan plans digital currency pilot

    Cryptocurrency
    Leave A Reply Cancel Reply

    Top Picks
    Stock Market

    Aptahem est actuellement cotée sur Spotlight, hors droits de souscription dans le cadre d’une émission avec droit préférentiel de souscription.

    Commodities

    3 Things – Commodities, Bitcoin And Stocks

    Property

    What are property raffles and should you enter one?

    Editors Picks

    Salt Investments finalise l’acquisition de 60 % des parts de TT Oil

    June 1, 2025

    Top Universities Offering Fintech Courses in Asia

    October 20, 2024

    Turkish firm Karmod installs modular office building for agricultural site in Poland

    June 19, 2025

    Economie : FeexPay s’installe en Côte d’Ivoire pour accélérer l’inclusion financière en Afrique

    May 12, 2025
    What's Hot

    DA urges Gauteng govt to back agricultural sector to curb high food prices

    January 20, 2025

    2025 Best Investment Mining Platform Rich Miner: How to Plan and Earn Free Cryptocurrency?

    April 14, 2025

    Energy management to become ‘the’ mine electrification talking point

    October 17, 2024
    Our Picks

    Correction in One Surging Asset Could Trigger Rallies for Altcoin Markets, According to Analyst Michaël van de Poppe

    June 10, 2025

    Simon Property Group, Inc. : Evercore ISI toujours positif

    April 10, 2025

    Stock market today: Wall Street pauses record streak as investors eye earnings

    October 21, 2024
    Weekly Top

    Le projet d’usine de GNL de Marinvest Energy serait-il cohérent avec les cibles climatiques du gouvernement du Québec?

    July 9, 2025

    Why China’s jewellery giants are selling less amid a precious metal boom 

    July 9, 2025

    SBP plans pilot for digital currency – Newspaper

    July 9, 2025
    Editor's Pick

    Royal Gold launches friendly $5-billion takeovers of Sandstorm Gold, Horizon Copper

    July 7, 2025

    Next Cryptocurrency to Explode Sunday, August 25 — Near Protocol, Klaytn, Render Token, ArcBlock

    August 25, 2024

    EMBRAPA and Inter-American Institute for Cooperation on Agriculture alliance to aid Africa food security

    August 25, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.