Share this article
Leader of Miami Trio Pleads Guilty to $4M Bank, Crypto Fraud Charges
The U.S. Department of Justice last year charged three members of a Miami crew in a crypto-related scheme from 2020.
Updated Apr 26, 2023, 5:18 p.m. Published Apr 26, 2023, 5:03 p.m.
The leader of a Miami crew charged by the U.S. Department of Justice with defrauding banks in a 2020 cryptocurrency-related scheme has pleaded guilty, an official notice Wednesday said.
Esteban Cabrera Da Corte was one of three individuals arrested in relation to the alleged crime. He was accused of "participating in a scheme to steal millions of dollars’ worth of cryptocurrency and trick U.S. banks into refunding the millions used to purchase that cryptocurrency, in part by using personal identifying information stolen from other people."
STORY CONTINUES BELOW
Under the scheme, U.S. banks processed more than $4 million in false reversals, while a cryptocurrency exchange lost around $3.5 million worth of digital assets, the Justice Department said.
Cabrera, 26, a resident of Miami, pled guilty to "one count of conspiracy to commit wire fraud," which comes with a 20-year prison sentence, and has agreed to pay restitution of $3.6 million – with an additional forfeiture of $1.2 million.
Read more: Miami Trio Charged With Defrauding Banks and Crypto Exchange of Over $4M
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
CFTC Gives No-Action Leeway to Polymarket, Gemini, PredictIt, LedgerX Over Data Rules
The CFTC granted the operators of Polymarket, PredictIt, Gemini and LedgerX permission to skip certain recordkeeping requirements.
What to know:
- The Commodity Futures Trading Commission granted several prediction-market firms certain regulatory leeway in meeting derivatives rules, suggesting they won't get into enforcement trouble if they do business as intended.
- The no-action letters went to Polymarket, PredictIt, Gemini and LedgerX/MIAX.
Top Stories
