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

[cryptoenthusiast]

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

[Maxwell]

Guaranteed daily returns in crypto should always be a red flag. Shane Moore didn’t just run a scam — he leveraged personal trust to pull it off. That’s the most dangerous kind of fraud.

[rafihasan]

Another “crypto mining” scheme, another luxury lifestyle funded by lies. Until investors stop chasing unrealistic profits, these kinds of scams will keep thriving

[Nahiar806]

Moore’s sentence feels light considering the damage. Wire fraud might be the charge, but this was emotional betrayal for a lot of victims — especially those from his rugby circles.