Crypto Pal founder Daniel Chartraw convicted of nearly $1 million fraud

According to court documents in California, a federal jury has found Crypto Pal founder Daniel Chartraw guilty of multiple cryptocurrency and investment fraud charges, involving nearly $1 million. Daniel Chartraw used a pseudonym to conceal his criminal record between 2021 and 2022, luring victims to invest in Crypto Pal with the lure of guaranteed high returns, and diverting the funds for personal use. Daniel Chartraw faces a maximum of 20 years in prison and a fine of $250000 on each charge, and the court is scheduled to deliver the verdict on September 28, 2026.