SACRAMENTO, California (MyCaliforniaNews.com) — A federal grand jury has indicted Daniel Chartraw, a 51-year-old previously of South Lake Tahoe, on 12 counts of wire fraud. The indictment was unsealed following Chartraw’s arrest, in line with United States Legal professional Phillip A. Talbert.
Chartraw is accused of defrauding a number of victims by a cryptocurrency funding scheme, claiming his corporations, Crypto-Pal LLC and TDA International, had a proprietary algorithm for distinctive returns. As an alternative of investing the funds, Chartraw allegedly used the cash for private bills and journey, said the supply.
The case is the results of an investigation by the Federal Bureau of Investigations, with Assistant United States Legal professional Jessica Delaney prosecuting.
If convicted, Chartraw faces as much as 20 years in jail and a $250,000 nice. Nonetheless, any sentence can be decided by the court docket, contemplating statutory elements and Federal Sentencing Tips. The fees are allegations, and Chartraw is presumed harmless till confirmed responsible past an inexpensive doubt.
