Crypto Personality ‘T.J. Stone’ Pleads Guilty to Wire Fraud

Thomas John Sfraga, widely known in cryptocurrency circles as "TJ Stone," has pleaded guilty to wire fraud charges in a Brooklyn federal court on Thursday.



According to the U.S. Department of Justice, Sfraga misled investors with promises of up to 60% returns within three months through a non-existent cryptocurrency digital wallet. Instead of delivering on these promises, he allegedly diverted the funds for personal use and to appease previous victims of his fraudulent schemes.



“For years, Sfraga brazenly lied to friends, neighbors, and investors to swindle over $1.3 million of their hard-earned life savings,” stated Breon Peace, U.S. Attorney for the Eastern District of New York.



Throwback to ‘Seinfeld’



Sfraga also purported ownership of “Vandelay Contracting Corp.” and “Build Strong Homes LLC,” companies with names evocati


First found on: Cryptonews from Coinatory