🏉 Ex-Rugby Star Gets 2.5 Years for $900K Crypto Mining Ponzi Scheme

[AIcash]

Former professional rugby player Shane Donovan Moore has been sentenced to 2.5 years in U.S. federal prison for masterminding a $900,000 Ponzi scheme under the guise of a crypto mining business.
The Scheme:

From January 2021 to October 2022, Moore ran Quantum Donovan LLC, claiming it would invest in crypto mining hardware and generate 1% daily returns for investors. Instead, he used the money to fund his luxury lifestyle — think designer luggage, upscale apartments, and fancy electronics.

Over 40 investors were duped, many of whom were reportedly connected to Moore through his rugby days.
🧑‍️ Justice Served:

Moore pleaded guilty to wire fraud.

The court noted emotional and financial damage done to victims.

He was sentenced by U.S. District Judge Tana Lin in Seattle.

️ A Familiar Pattern:

Like many modern Ponzi schemes, Moore simply used new investor funds to pay off earlier ones, never actually buying mining equipment.

Sadly, this case is just one of many. Crypto-based Ponzi schemes have become increasingly common — especially as scammers use buzzwords like AI and blockchain mining to appear legitimate.

Lesson: If someone guarantees “daily returns” in crypto, it's probably not mining — it's mining your wallet.

#CryptoScams #PonziScheme #CryptoMining #ShaneMoore #RugbyNews #FraudAlert #InvestSmart #CryptoNews #Web3Safety

[jacson4]

Sad to see another case where crypto hype meets fraud. Former rugby player Shane Donovan Moore scammed over 40 people by promising daily returns from a fake crypto mining operation. No mining equipment ever existed—he just recycled investor funds.He used his sports background to gain trust, which makes it even more damaging. A harsh reminder: always verify, never just trust titles or connections.

[Nahid10]

Another Ponzi dressed as innovation. Moore’s project promised 1% daily ROI from crypto mining—but it was pure fiction. He used funds for personal luxury and paid old investors with new money.This case proves again: if it sounds too good to be true in crypto, it usually is. Due diligence is non-negotiable.

[Nahiar806]

Yet another painful reminder that 'guaranteed returns' in crypto almost always point to fraud. Moore's rugby connections gave him an aura of trust — but even familiar faces can run dangerous schemes. Always verify before you invest, especially when promises sound too good to be true

[alex]

This kind of scheme hurts more than just the victims — it damages trust in the entire Web3 space. The misuse of terms like ‘AI’ and ‘mining’ is rampant. We need stronger due diligence from platforms and more public education on how real crypto infrastructure actually works.

[Maxwell]

Heartbreaking for the 40+ investors who were exploited, many of whom likely trusted Moore based on shared history. It's good to see the justice system act, but the emotional toll and financial losses will linger. We need better tools to flag and stop these scams early