Translunar Founder Sentenced to 37 Months for Tax Evasion, Concealing $7 Million in Income
By: www.bloomberg.com|2026/07/28 16:18:07
0
Share
Prefer us on Google
Justin Ryan Schmidt, the founder of the cryptocurrency investment fund Translunar Crypto LP, has been sentenced to 37 months in prison by a U.S. court. Schmidt pleaded guilty in 2023 in federal court in Austin, Texas, for underreporting his income from 2020 to 2022, declaring less than $5,000 in income while actually earning over $7 million through fund operations. Schmidt founded Translunar in 2017, primarily investing in blockchain startups, with funding mainly coming from investors in the Austin, Texas, and Aspen, Colorado areas. He was arrested by the IRS Criminal Investigation Division on February 23, 2026, and has been in custody since then.
-- Price
--
--
--
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
U.S. Treasury Expands Long-Term Treasury Buyback to $4 Billion
The U.S. Treasury has increased the size of its long-term Treasury buyback to a minimum of $4 billion (approximately 5.5 trillion won) per session, but long-term interest rates remain at high levels. This measure aims to support liquidity in the Treasury market...
CZ Comments on Sun Yuchen Dispute, Suggests Legal Resolution
Kraken Announces Plans to Integrate Tokenized Stocks and Visa Card into Self-Custody Wallet
Kraken has unveiled an expansion plan centered around its self-custody wallet, connecting tokenized stocks, stablecoin payments, non-custodial Visa cards, and its own Layer 2 ecosystem.
Brent C. Kovar Found Guilty of Defrauding 400 People in Cryptocurrency Mining Scheme
BitcoinHabebe Predicts Bitcoin Price Range
September Rate Hike Probability Drops to 35.7%
The probability of a 0.25 percentage point increase in the Federal Reserve's (Fed) benchmark interest rate for September has been calculated at 35.7%. The probability of keeping rates unchanged stands at 64.3%, indicating that the market is still leaning more towards the possibility of a freeze rath...
Stock-based perpetual futures trading volume reaches $15.76 billion, down 32.1% in a day
AEON Integrates M-Pesa to Support Cryptocurrency Payments
PPP lawmaker proposes delay of crypto tax to 2029
Polish Prime Minister Understands Reasons Behind President and Opposition's Obstruction of Cryptocurrency Legislation
British Man Recovers Lost Bitcoins Worth $5 Million
Russian Central Bank Registers 2,600 Suspicious Wallets
Painted Cryptocurrency May Emerge in Russia Due to Sanctions
Painted cryptocurrency could form a separate and rather unconventional market for digital assets in Russia if the pressure from sanctions continues to affect transactions and operations with international counterparties.
BitcoinHabebe Shares Recent High-Yield Cryptocurrencies
Changes for Cryptocurrency Owners in Russia from September 1, 2026
Cryptocurrency owners in Russia will not be able to sell already purchased digital assets after the new rules come into effect on September 1, 2026. As explained by Kirill Komalenkov, Director of Strategic Communications at Bitbanker, ownership of such assets is not prohibited.
Ripple Launches Delta One Business to Enter Stock Trading Market
YZi Labs Invests $12 Million in EASY Residency Season 4
Three Former Moscow Police Officers Sentenced to Up to 14 Years for Embezzling Garantex Client Assets
Three former Moscow police officers were convicted for embezzling over 30 million rubles from Garantex clients • Sentences range from 12 to 14 years, with individual fines of 6.5 million rubles • The conspiracy involved using false reports and forged judicial rulings to freeze and transfer funds.
Global Taxable On-Chain Crypto Activity Reaches $457 Billion by 2025, CARF Coverage Only 14%
77% of Americans Believe Including Cryptocurrency in Retirement Plans is Risky
Trezor User Reports New Wave of Phishing
Network for Sanction Evasion Discovered in Ukraine via Cryptocurrency Exchange
39 U.S. State Bank Associations Form BankChain Alliance, Plan to Launch Blockchain Network by 2027
Block Bits Founder Japheth Dillman Convicted of Telecom Fraud
Visa Expands $7 Billion Stablecoin Settlement Pilot and Seeks External Partners
Visa is expanding its stablecoin settlement pilot to an annual scale of $7 billion, while BVNK's integration into Mastercard has shifted the landscape for external settlement partners.
Kidnapping for 3,000 euros in crypto in Jouy-en-Josas
Three attackers kidnapped and assaulted a resident of Jouy-en-Josas to steal 3,000 euros in crypto.
The9 reports $32.4M net income, $13.4M operating loss, driven by 9BIT token gains
The9 reported $32.4 million in Q2 net income, driven by a $47.2 million 9BIT fair-value gain despite a $13.4 million operating loss.
Kraken Faces Nearly 12,000 Dust Attacks, Some Customer Accounts Inaccessible
Dreame Technology Restructures into Four Major Businesses
Dreame Technology, a Chinese robotics and home appliance company, has adjusted some exploratory phase projects and restructured its business into four directions: smart home, outdoor gardening, smart mobility, and embodied intelligence.
Dunamu Confirms Contact with SEC and CFTC, Plans to Establish IPO Committee
U.S. Treasury Expands Long-Term Treasury Buyback to $4 Billion
The U.S. Treasury has increased the size of its long-term Treasury buyback to a minimum of $4 billion (approximately 5.5 trillion won) per session, but long-term interest rates remain at high levels. This measure aims to support liquidity in the Treasury market...
CZ Comments on Sun Yuchen Dispute, Suggests Legal Resolution
Kraken Announces Plans to Integrate Tokenized Stocks and Visa Card into Self-Custody Wallet
Kraken has unveiled an expansion plan centered around its self-custody wallet, connecting tokenized stocks, stablecoin payments, non-custodial Visa cards, and its own Layer 2 ecosystem.
Brent C. Kovar Found Guilty of Defrauding 400 People in Cryptocurrency Mining Scheme
BitcoinHabebe Predicts Bitcoin Price Range
September Rate Hike Probability Drops to 35.7%
The probability of a 0.25 percentage point increase in the Federal Reserve's (Fed) benchmark interest rate for September has been calculated at 35.7%. The probability of keeping rates unchanged stands at 64.3%, indicating that the market is still leaning more towards the possibility of a freeze rath...
...
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
