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The founder of the cryptocurrency project CluCoin, Austin Michael Taylor, admitted to telecom fraud on August 15th. Taylor utilized his extensive social media influence to promote a digital token called "CLU" and successfully launched the initial coin offering (ICO) of CluCoin on May 19, 2021. However, court records show that Taylor transferred approximately $1.14 million in investor funds to his personal account between May and December 2022 and squandered them in multiple online casinos. Taylor once organized an event called "NFTCon: Into the Metaverse" to promote interest and investment in CLU, CluCoin, and related projects. Taylor's sentencing hearing is scheduled for 10am on October 31st, and he faces a statutory sentence of up to 20 years in prison. @rsudqprsudqpbnhu @seneca

Wow, can’t believe Austin did that! 😳 What a twist! Hope ppl get some justice.

can't believe this, Austin... what a letdown. smh