EmpiresX scammer Joshua David Nicholas has been sentenced to 51 months in jail.
Nicholas’ sentence was handed down after 45 minute sentencing listening to, held on November twenty eighth.
After Nicholas has served his 4 and 1 / 4 years in jail, he can be topic to an extra three years of supervised launch. Nicholas will even give up $267,246 as a part of his judgment.
A restitution listening to has been scheduled for February seventh, 2023. I’m unclear on whether or not this pertains to the $267,246 judgment or extra monetary penalties.
EmpiresX was a $100 million Ponzi scheme that collapsed in December 2021.
Nicholas was a part of EmpiresX’s company staff, initially showing as “Grasp Dealer” Joshua Greg.
Following the revelation that this was a stolen id, Nicholas reverted to utilizing his precise identify.
Nicholas labored with EmpiresX founders Emerson Pires and Flavio Goncalves, who fled the US for Brazil upon studying they had been underneath investigation.
Pires and Goncalves are indicted fugitives on the run. They, together with Nicholas, are additionally dealing with parallel civil fraud proceedings filed by the SEC and CFTC.
Of curiosity are six latest “system entry” restricted filings on the EmpiresX felony case docket. I’m undecided whether or not these pertain to Nicholas’ sentencing or developments with Pires and Goncalves.
Keep tuned for updates as BehindMLM continues to trace the EmpiresX circumstances.
