Woman in Saipan Sentenced to 71 Months for Bitcoin Fraud

A federal court in the U.S. sentenced 30-year-old Sze Man Yu Inos (also known as Yuki) from Saipan to 71 months in prison for a Bitcoin-related wire fraud scheme.

From November 2020 to January 2022, she targeted elderly women in Saipan and Guam, falsely claiming to come from a wealthy family in China and promising wealth through Bitcoin investments. After gaining trust through emotional manipulation, she solicited funds and expanded the fraud to Washington and California. The court also ordered her to pay $769,355 in restitution and $684,848 in criminal forfeiture.

In market mechanisms, crypto investment fraud attracts funds through emotional manipulation and false high returns. Victims' funds are transferred from personal savings to Bitcoin addresses controlled by the fraudsters, who benefit from low-threshold anonymous transfers, while the elderly and crypto novices are pressured. The overall crypto ecosystem faces adoption resistance due to trust erosion.

Source: Public Information