Crypto Celebrity (TJ Stone) Sentenced to 45 Months in Prison, Fined Over $1.30 million for Fraud

A U.S. federal court on Friday sentenced Brooklyn-based podcast host and crypto celebrity Thomas John Sfraga (TJ Stone) to 45 months in prison and $1,337,700 in fines for wire fraud. According to a Justice Department announcement, Sfraga defrauded investors of about $2 million through cryptocurrency and real estate investment scams between 2016 and 2022. He also promised an investor that his fake crypto wallet project would provide a 60% return within three months, but then misappropriated the funds to cover old debts and personal expenses. In addition, he also lied about running multiple businesses.