TechFlow News: On May 7, according to The Block, a U.S. federal court sentenced Marlon Ferro of California—known online as “GothFerrari”—to 78 months in prison, followed by three years of supervised release and a $2.5 million restitution order. Ferro participated in a nationwide social engineering fraud scheme spanning from late 2023 to early 2025, involving over $250 million in cryptocurrency assets.
The criminal group employed a range of tactics, including database intrusions, fraudulent phone calls, money laundering, and residential burglaries—specifically targeting victims holding large amounts of cryptocurrency assets. Ferro committed two residential burglaries to steal hardware wallets and assisted in money laundering. U.S. prosecutors stated that this sentence sends a clear message: cryptocurrency fraud constitutes a serious criminal offense and will inevitably result in federal imprisonment.
