A California man, Evan Tangeman, was sentenced to 70 months in prison after pleading guilty to RICO conspiracy for laundering stolen cryptocurrency and supporting the Social Engineering Enterprise that stole roughly $260 million. He admitted laundering at least $3.5 million, buying homes to facilitate thefts, and ordering co-conspirators to destroy evidence after arrests. #SocialEngineeringEnterprise #MaloneLam
Keypoints
- Evan Tangeman received a 70-month prison sentence and three years of supervised release for RICO conspiracy.
- He admitted laundering at least $3.5 million and converting stolen crypto into cash and real estate.
- The Social Engineering Enterprise stole approximately $260 million by targeting high-value crypto owners.
- The group, formed in 2023 by Malone Lam via gaming platforms, included hackers, callers, and residential burglars.
- Tangeman benefited from luxury gifts and vehicles and ordered destruction of devices to conceal the gang’s activity.
Read More: https://therecord.media/cryptocurrency-launderer-sentenced-californai