{"id":44190,"date":"2026-05-20T07:01:13","date_gmt":"2026-05-20T07:01:13","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=44190"},"modified":"2026-05-20T07:01:13","modified_gmt":"2026-05-20T07:01:13","slug":"ohio-investment-manager-heading-to-prison-after-operating-10000000-crypto-ponzi-scheme","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=44190","title":{"rendered":"Ohio Investment Manager Heading to Prison After Operating $10,000,000 Crypto Ponzi Scheme"},"content":{"rendered":"

\"\"<\/p>\n

An Ohio investment manager has been sentenced to nine years in prison for orchestrating a cryptocurrency fraud scheme that raised more than $10 million from investors, according to the U.S. Department of Justice (DOJ).<\/p>\n

According to an official DOJ release, federal prosecutors say Rathnakishore Giri, 31, of New Albany, Ohio, falsely portrayed himself<\/a> as an expert crypto trader specializing in Bitcoin (BTC<\/a>) derivatives while guaranteeing investors lucrative returns with no risk to their principal.<\/p>\n

According to the DOJ,<\/p>\n

\u201cGiri falsely promised investors that he would generate lucrative returns with no risk to their principal investment amount, which he guaranteed to return. In reality, Giri often used money provided by new investors to repay old investors \u2013 a hallmark of a Ponzi scheme. In addition, Giri had a record of investment failures, including a long history of losing investors\u2019 principal investments, and misled investors about reasons for delays when they sought to cash out their investments or otherwise obtain the return of their \u2018guaranteed\u2019 principal.\u201d<\/em><\/p>\n

Prosecutors say many of the victims lived in or around Columbus, Ohio.<\/p>\n

Giri pleaded guilty to one count of wire fraud in October 2024. Authorities say he continued soliciting funds from cryptocurrency investors even after pleading guilty and while awaiting sentencing on pretrial release, causing additional losses to new victims.<\/p>\n

In addition to his prison sentence, Giri was ordered to serve three years of supervised release. The FBI\u2019s Cincinnati Field Office investigated the case.<\/p>\n

Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
\nDon’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
\n
\nSurf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\n

\n
<\/div>\n

&nbsp<\/p>\n

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Generated Image: Midjourney<\/em><\/span><\/p>\n

The post Ohio Investment Manager Heading to Prison After Operating $10,000,000 Crypto Ponzi Scheme<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

An Ohio investment manager has been sentenced to nine years in prison for orchestrating a cryptocurrency fraud scheme that raised more than $10 million from investors, according to the U.S. Department of Justice (DOJ). According to an official DOJ release, federal prosecutors say Rathnakishore Giri, 31, of New Albany, Ohio, falsely portrayed himself as an […]<\/p>\n","protected":false},"author":1,"featured_media":44191,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-44190","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nOhio Investment Manager Heading to Prison After Operating $10,000,000 Crypto Ponzi Scheme - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=44190\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ohio Investment Manager Heading to Prison After Operating $10,000,000 Crypto Ponzi Scheme - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"An Ohio investment manager has been sentenced to nine years in prison for orchestrating a cryptocurrency fraud scheme that raised more than $10 million from investors, according to the U.S. Department of Justice (DOJ). According to an official DOJ release, federal prosecutors say Rathnakishore Giri, 31, of New Albany, Ohio, falsely portrayed himself as an […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=44190\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-20T07:01:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/06\/bank-settling-handing.jpg?resize=1024,600\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44190#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44190\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"Ohio Investment Manager Heading to Prison After Operating $10,000,000 Crypto Ponzi Scheme\",\"datePublished\":\"2026-05-20T07:01:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44190\"},\"wordCount\":381,\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44190#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/bank-settling-handing-9sHczf.webp\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44190\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44190\",\"name\":\"Ohio Investment Manager Heading to Prison After Operating $10,000,000 Crypto Ponzi Scheme - Cryptomag\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44190#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44190#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/bank-settling-handing-9sHczf.webp\",\"datePublished\":\"2026-05-20T07:01:13+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44190#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cryptomag.finance\\\/?p=44190\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44190#primaryimage\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/bank-settling-handing-9sHczf.webp\",\"contentUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/bank-settling-handing-9sHczf.webp\",\"width\":1024,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44190#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cryptomag.finance\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ohio Investment Manager Heading to Prison After Operating $10,000,000 Crypto Ponzi Scheme\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/\",\"name\":\"Cryptomag\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cryptomag.finance\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\",\"name\":\"Crypto Magazine\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"caption\":\"Crypto Magazine\"},\"sameAs\":[\"https:\\\/\\\/cryptomag.finance\",\"https:\\\/\\\/x.com\\\/cryptomagz\"],\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ohio Investment Manager Heading to Prison After Operating $10,000,000 Crypto Ponzi Scheme - Cryptomag","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptomag.finance\/?p=44190","og_locale":"en_US","og_type":"article","og_title":"Ohio Investment Manager Heading to Prison After Operating $10,000,000 Crypto Ponzi Scheme - Cryptomag","og_description":"An Ohio investment manager has been sentenced to nine years in prison for orchestrating a cryptocurrency fraud scheme that raised more than $10 million from investors, according to the U.S. Department of Justice (DOJ). According to an official DOJ release, federal prosecutors say Rathnakishore Giri, 31, of New Albany, Ohio, falsely portrayed himself as an […]","og_url":"https:\/\/cryptomag.finance\/?p=44190","og_site_name":"Cryptomag","article_published_time":"2026-05-20T07:01:13+00:00","og_image":[{"url":"https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/06\/bank-settling-handing.jpg?resize=1024,600","type":"","width":"","height":""}],"author":"Crypto Magazine","twitter_card":"summary_large_image","twitter_creator":"@cryptomagz","twitter_site":"@cryptomagz","twitter_misc":{"Written by":"Crypto Magazine","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptomag.finance\/?p=44190#article","isPartOf":{"@id":"https:\/\/cryptomag.finance\/?p=44190"},"author":{"name":"Crypto Magazine","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"headline":"Ohio Investment Manager Heading to Prison After Operating $10,000,000 Crypto Ponzi Scheme","datePublished":"2026-05-20T07:01:13+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptomag.finance\/?p=44190"},"wordCount":381,"image":{"@id":"https:\/\/cryptomag.finance\/?p=44190#primaryimage"},"thumbnailUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/bank-settling-handing-9sHczf.webp","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/cryptomag.finance\/?p=44190","url":"https:\/\/cryptomag.finance\/?p=44190","name":"Ohio Investment Manager Heading to Prison After Operating $10,000,000 Crypto Ponzi Scheme - Cryptomag","isPartOf":{"@id":"https:\/\/cryptomag.finance\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptomag.finance\/?p=44190#primaryimage"},"image":{"@id":"https:\/\/cryptomag.finance\/?p=44190#primaryimage"},"thumbnailUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/bank-settling-handing-9sHczf.webp","datePublished":"2026-05-20T07:01:13+00:00","author":{"@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"breadcrumb":{"@id":"https:\/\/cryptomag.finance\/?p=44190#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptomag.finance\/?p=44190"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptomag.finance\/?p=44190#primaryimage","url":"https:\/\/cryptomag.finance\/wp-content\/uploads\/bank-settling-handing-9sHczf.webp","contentUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/bank-settling-handing-9sHczf.webp","width":1024,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/cryptomag.finance\/?p=44190#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptomag.finance\/"},{"@type":"ListItem","position":2,"name":"Ohio Investment Manager Heading to Prison After Operating $10,000,000 Crypto Ponzi Scheme"}]},{"@type":"WebSite","@id":"https:\/\/cryptomag.finance\/#website","url":"https:\/\/cryptomag.finance\/","name":"Cryptomag","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptomag.finance\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040","name":"Crypto Magazine","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","caption":"Crypto Magazine"},"sameAs":["https:\/\/cryptomag.finance","https:\/\/x.com\/cryptomagz"],"url":"https:\/\/cryptomag.finance\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/44190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44190"}],"version-history":[{"count":0,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/44190\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/media\/44191"}],"wp:attachment":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}