Indian Scammer Sentenced to 5 Years for $20 Million Fake Coinbase Fraud

Chirag Tomar and accomplices created spoofed websites to steal cryptocurrency from hundreds of victims worldwide.

Chirag Tomar, 31, was sentenced to five years in prison and two years of supervised release for orchestrating a crypto fraud scheme.
The scheme involved creating fake websites mimicking Coinbase to steal login credentials and two-factor authentication codes from users.
Tomar used the stolen funds to purchase luxury items, including high-end watches and cars, and to fund extravagant trips.
The U.S. Secret Service and FBI conducted the investigation, leading to Tomar's arrest at Atlanta airport in December 2023.
Tomar pleaded guilty to wire fraud conspiracy in May 2024 and remains in federal custody awaiting transfer to a prison facility.