Saipan Woman Sentenced for Bitcoin Fraud Targeting Elderly
- Sze Man Yu Inos, also known as “Yuki,” was sentenced to a federal prison term of 71 months for wire fraud.
- The fraudulent scheme involved false claims about Bitcoin investment success and a fabricated wealthy family background.
- Inos must pay $769,355.67 in restitution and forfeit $684,848.34 as part of her sentence.
- She targeted elderly women in U.S. territories and states including Saipan, Guam, Washington, and California between November 2020 and January 2022.
- The court imposed additional penalties including three years of supervised release and community service.
Sze Man Yu Inos orchestrated a cross-state Bitcoin investment fraud targeting elderly victims with fabricated stories of wealth and success in cryptocurrency investments. Her actions resulted in significant financial losses for her victims across multiple jurisdictions.
The court’s decision to impose a lengthy prison sentence reflects the severity of Inos’s crimes, which included forging legal documents to further her fraudulent activities.(Source)
