![EmpiresX 'head trader' to face 4 years of prison over $100M crypto 'Ponzi'](https://d1-invdn-com.investing.com/content/pic4849e8be87d967ee2ca869e53e39ee0b.jpg)
One of the leading figures convicted of being behind the $100 million crypto “Ponzi” scheme, EmpiresX, has just been handed an over four-year jail sentence by a United States court.
The sentencing was handed to Joshua David Nicholas, the “head trader” of purported crypto platform EmpiresX, who is nowset to serve a 51-month prison sentence along with three years of supervised release for his role in the fraudulent scheme.