Elmin Redzepagic, 24, of Wolcott, allegedly value victims a complete of $950,000. He pleaded not responsible to a number of expenses in Hartford federal courtroom on Thursday.
HARTFORD, Conn. — A Florida man who used to reside in Connecticut returned to the state Thursday to face a variety of expenses.
Elmin Redzepagic, 24, of Wolcott, is the main focus of a 21-count indictment stemming from an alleged cryptocurrency fraud scheme that prosecutors say he orchestrated.
In line with a report from the interim U.S. Attorney for the District of Connecticut, Redzepagic pleaded not responsible to the fees in Hartford federal courtroom.
Between Could 2021 and March 2025, Redzepagic is alleged to have portrayed himself as a cryptocurrency investor who earned excessive charges of return.
After victims initially invested with Redzepagic, he allegedly advised them they earned appreciable revenue however needed to pay extra charges to withdraw the cash.
Prosecutors say Redzepagic claimed to work as a part of a workforce that included a person referred to as “The Chef,” who supposedly led the operation and determined who, how and when traders would obtain their income.
Actually although, Redzepagic is believed to not have invested victims’ funds in cryptocurrency. As a substitute, he allegedly transferred the cash to Stake.com, an offshore playing platform.
Redzepagic is alleged to have used this platform to obtain, and maintain, proceeds from the scheme, whereas producing cryptocurrency addresses for victims to make use of to switch Bitcoin to him, and to make sizable “lulling” funds to victims all through the course of the scheme.
Prosecutors allege that Redzepagic misplaced a number of victims’ cash playing on Stake.com, inflicting them a complete web lack of round $950,000.
Moreover, Redzepagic is alleged to have made false statements when he was interviewed by the Inner Income Service’s Felony Investigation unit in September 2023.
On Jan. 20, a federal grand jury in New Haven launched an indictment charging Redzepagic with seven counts of wire fraud, 11 counts of worldwide cash laundering and three counts of creating false statements to the IRS Felony Investigation brokers.
The wire fraud offense carries a most jail sentence of 20 years on every depend, worldwide cash laundering is punishable by as much as 20 years behind bars on every depend, and making false statements to federal brokers can lead to as much as 5 years in jail on every depend.
Redzepagic moved to Florida after residing in Wolcott and returned to Connecticut for the courtroom proceedings. He was launched on a $500,000 bond after pleading not responsible to the fees on Thursday.
Prosecutors made it clear that expenses aren’t proof of guilt, and Redzepagic will probably be afforded a trial to find out if he’s responsible past an affordable doubt.
The case is being investigated by the IRS’ Felony Investigation Division.
Dalton Zbierski is a narrative desk editor and author at FOX61 Information. He might be reached at dzbierski@FOX61.com.
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