Teen crypto scammer stole $13M to splurge on private jets, Lambo
Trenton Richard Johnston was arrested in March during a traffic stop for speeding, but investigators soon found he was involved in a wider fraud scheme.
A Canadian teen stole more than $13 million in crypto through social engineering scams to pay for an “exotic lifestyle” in Miami and Los Angeles, including buying luxury cars, jewelry and taking private jet trips, US prosecutors say.
In May, US prosecutors charged then-19-year-old Trenton Richard Johnston for a scheme in which he and co-conspirators impersonated Google, Trezor and other crypto firm employees to gain access to victims’ crypto.
On Tuesday, Johnston, now 20, pleaded guilty to conspiracy to commit money laundering, avoiding further charges that could have resulted in a maximum sentence of up to 40 years in prison.
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