Making Money with Web 3.0: Unveiling the AirBit Crypto Ponzi Scheme

Making Money with Web 3.0

The U.S. District Court for the Southern District of New York has been moving forward with the sentencing of individuals involved in the AirBit Club cryptocurrency Ponzi scheme. On October 3rd, the U.S. attorney’s office announced the sentencing of three of the five surviving defendants, including Scott Hughes, Cecilia Millan, and Karina Chairez. All three had pleaded guilty to money laundering and other charges in early 2023.

Scott Hughes, an attorney accused of laundering approximately $18 million in AirBit Club fraud proceeds, was sentenced to 18 months in prison. Cecilia Millan, a senior-level AirBit Club promoter, was sentenced to five years in prison. Karina Chairez, another senior-level AirBit Club promoter, was sentenced to one year and one day in prison. Additionally, Hughes, Millan, and Chairez were all sentenced to three years of supervised release.

The key features and components of web 3.0 can provide individuals with the opportunity to make money online. This article will discuss how to make money with web 3.0, the key features and components of the platform, and the importance of AI marketing today.

How to Make Money Using Web 3.0

The AirBit Club scheme, launched in late 2015, was presented as a “multi-level marketing club” in the cryptocurrency sector. Its founders and promoters misled investors into believing that AirBit guaranteed daily returns from crypto mining and trading, when in reality they pocketed $100 million of the investors’ money. Despite complaints of withdrawal delays and hidden fees in early 2016, AirBit Club was able to continue its fraudulent activity until 2020.

U.S. attorney Damian Williams remarked that Hughes, Millan and Chairez were instrumental in the AirBit Club Ponzi scheme. He noted that “Millan and Chairez for years aggressively solicited investments from and misled hardworking and unsophisticated investors to line their own pockets.”

If you’re looking to make money through web 3.0, it’s important to understand the key features and components of the technology. Knowing how to maximize your profits is key to success in this digital economy. Whether it’s crypto mining, trading, or other AI marketing activities, understanding the basics of web 3.0 is essential for making money today.

In late September 2023, AirBit Club co-founder Pablo Rodriquez was sentenced to 12 years in prison. Another co-founder, Dos Santos, who had pleaded guilty to charges including wire fraud conspiracy, money laundering and bank fraud conspiracy, is set to be sentenced on October 4, 2023. This would mark the last defendant to be sentenced out of the six defendants involved in AirBit Club.

Jackie Aguilar, who had pleaded guilty in February 2023, sadly passed away in May, just a few weeks prior to his sentencing. This has raised many questions regarding the potential of making money with web 3.0, as well as the key features and components of this technology.

Marketing in web 3.0 is becoming increasingly popular, and many people are looking for ways to make money with it. To succeed in this endeavor, one must understand the key features and components of web 3.0, and use AI marketing techniques to make the most of this technology.