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A federal court issued a ruling on Friday, sentencing Thomas John Sfraga, also known as “TJ Stone,” to 45 months in prison for his involvement in fraudulent schemes. He was also ordered to forfeit $1,337,700. Sfraga was found guilty of running cryptocurrency scams and real estate between 2016 and 2022. His deceptive activities led investors to lose approximately $2 million. In May 2024, he admitted to committing wire fraud. According to court documents, Sfraga misled investors by making false promises about profitable investment opportunities. He convinced people to put their money into fake projects, pretending their investments were secure and would yield high returns. However, instead of using the funds as promised, he redirected the money for personal use and other unauthorized purposes. The authorities launched an investigation after several victims reported their losses. The evidence presented in court showed that Sfraga knowingly deceived his clients to gain financial benefits. His fraudulent activities spanned several years, impacting multiple investors who trusted him with their money. During the trial, the prosecution argued that Sfraga had built a false reputation in the crypto and real estate sectors, using his influence to lure unsuspecting victims. The court acknowledged the severity of his actions and imposed a prison sentence with the financial penalty. This case highlights the risks associated with unverified investment schemes and the importance of conducting thorough research before investing. Authorities continue to warn the public about potential cryptocurrency fraud and real estate markets. With the sentencing now finalized, Sfraga will serve nearly four years in prison and must repay over $1.3 million. This serves as a reminder that fraudulent activities have serious consequences, and legal action will be taken against those engaging in such crimes.