TikTok investing influencer Danny Devin pleaded guilty to identity theft, wire fraud, and money laundering. He faked documents to apply for 71 COVID relief loans totaling $941,000, received $146,000, and bought a mansion with the proceeds. He faces up to 20 years in federal prison.
Wow, so the popular investing guru Danny Devin is now being charged with wire fraud, identity theft, and money laundering. This is just shocking to me. Let's get into the details. So this article was just posted and he has pleaded guilty in a case for aggravated identity theft, wire fraud, and money laundering using crypto to launder thousands in illegally obtained COVID-19 loans. So what he was doing was creating fake tax forms and bank statements, and he was applying for COVID-19 relief loans for his own financial gain. He applied for 71 PPP loans that totaled over $941K, and he actually received $146K of this. And then he went and got a mortgage for a big mansion, and he is now facing 20 years in federal prison. This is absolutely insane. What do you guys think?
