Evan Frederick Light, aged 22 from Lebanon, Indiana, has been sentenced to 20 years in federal prison after pleading guilty to conspiracy charges involving wire fraud and money laundering. The case stemmed from his operation that sought to steal millions in cryptocurrency, significantly affecting the retirement savings of numerous victims. Alongside his prison term, Light will be subject to three years of supervised release and is required to pay no less than $37 million in restitution. The case highlights the severe repercussions of cybercrime, impacting many innocent citizens.
"From his mother's basement in Indiana, Evan Light set out to steal millions of dollars in cryptocurrency, thereby destroying the retirement savings of hardworking, honest Americans."
"Cybercrime is not a victimless offense - its impact is felt by hardworking Americans who suffer financial and emotional harm."
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