Overview

• The Landgericht Augsburg found Daniel B. guilty and imposed a four‑year prison term after prosecutors sought four years and six months and the defense asked for two years and four months.
• Investigators said he used a sham company to pitch high cryptocurrency returns, taking funds from eleven investors totaling about €1 million and spending the money on a lavish lifestyle.
• At the start of the trial he gave a comprehensive confession, and a court expert reported alcohol dependence along with dissocial personality traits.
• He has been in pretrial detention since February, and what his wife knew remains unclear after proceedings against her were discontinued and she invoked spousal testimonial privilege.
• Victim restitution remains uncertain because he currently has no assets, and his beamten status would end if the sentence becomes final.