Aurelien Michel, the creator of the Mutant Ape Planet NFT collection, has pleaded guilty to defrauding buyers and faces up to five years in federal prison. Michel has admitted to wire fraud charges and agreed to pay $1.4 million for the rug pull scheme. The 25-year-old was charged for 'rugging' his project after promising benefits, turning investors' dreams into a nightmare of deception and losses.
The creator of the Mutant Ape Planet NFT collection is looking at up to five years in prison after pleading guilty to a $2.9M rug pull. https://t.co/2A6AIff7rR
COVID-19 fraudsters bought fancy cars, a Pokemon card - even a private island https://t.co/rc5iCPbgS6
Mutant Ape Planet going to jail for not delivering and keeping mint funds 😱 You can’t NOT spend funds as a founder Who do you think is next? Probably the projects claiming to make web3 games https://t.co/F1rOaxNYLY
“While Michel purported to sell dream NFTs backed with rewards and benefits, he defrauded investors, turning their dream into a nightmare of deception and losses. There is no excusing this kind of greed, and today’s guilty plea brings Michel one step closer to realizing his own… https://t.co/CtQeNQ99Sf https://t.co/buCHmbePRh
Mutant Ape Planet NFT creator pleads guilty to $2.9M rug pull, faces up to 5 years in prison. https://t.co/IVPQbwEmM5
Aurelien Michel, creator of BAYC derivative Mutant Ape Planet NFT project, pled guilty to conspiring to commit wire fraud. The 25-year-old was charged for "rugging" his project after promising a number of benefits. More ⬇️ https://t.co/Ow8l3p4R0C
NEWS: Founder of Mutant Ape Planet NFT collection pleads guilty to wire fraud charges in rug pull scheme. 📰 https://t.co/iJVTndtwvR https://t.co/7yCGcD5wps
The creator of the Mutant Ape Planet NFT collection faces up to 5 years in prison after pleading guilty to conspiring to commit fraud on the buyers of his NFTs. https://t.co/RFD5Bwf5Lf
Aurelien Michel, 25, now faces up to five years in federal prison and has agreed to pay $1.4 million for the Mutant Ape Planet rug pull. https://t.co/v4hdiuD28w
An NFT Rug Pull Scammer Has Finally Been Convicted, Faces Jail ► https://t.co/qWek8hPIjd https://t.co/qWek8hPIjd
One of the developers behind the "Mutant Ape Planet" rug pull has pleaded guilty to defrauding the buyers. @jesseahamilton reports https://t.co/GtSdKdwxgH
'Mutant Ape Planet' NFT developer admits $3m fraud... who would have thought that could happen... https://t.co/g27OjErqvJ
An animal rights activist @waynehhsiung has been found guilty of charges plus 1 felony, and facing up to 3 years in gaol. He rescued sick animals from a factory farm to take to a vet. https://t.co/3YEz7CFWod