EmpiresX scammer Joshua David Nicholas has been sentenced to 51 months in jail.

Nicholas’ sentence was handed down after 45 minute sentencing listening to, held on November twenty eighth.

After Nicholas has served his 4 and 1 / 4 years in jail, he will probably be topic to a further three years of supervised launch. Nicholas may also give up $267,246 as a part of his judgment.

A restitution listening to has been scheduled for February seventh, 2023. I’m unclear on whether or not this pertains to the $267,246 judgment or further monetary penalties.

EmpiresX was a $100 million Ponzi scheme that collapsed in December 2021.

Nicholas was a part of EmpiresX’s company staff, initially showing as “Grasp Dealer” Joshua Greg.

Following the revelation that this was a stolen identification, Nicholas reverted to utilizing his precise title.

Nicholas labored with EmpiresX founders Emerson Pires and Flavio Goncalves, who fled the US for Brazil upon studying they had been below investigation.

Pires and Goncalves are indicted fugitives on the run. They, together with Nicholas, are additionally going through parallel civil fraud proceedings filed by the SEC and CFTC.

Of curiosity are six current “system entry” restricted filings on the EmpiresX prison case docket. I’m undecided whether or not these pertain to Nicholas’ sentencing or developments with Pires and Goncalves.

Keep tuned for updates as BehindMLM continues to trace the EmpiresX circumstances.