Woman Who Claimed Bitcoin Riches to Befriend Elderly Victims Sentenced to Prison

Source Beincrypto

A United States judge sentenced a Saipan woman to 71 months in federal prison. The defendant orchestrated a scheme that defrauded older women.

She falsely claimed she came from money in China, owned multiple businesses, and made a fortune trading Bitcoin (BTC).

Saipan Woman Gets 71 Months for Bitcoin Investment Scam Targeting Older Women

According to the press release, Sze Man Yu Inos, 30, also known as Yuki, defrauded victims across multiple states. Between November 2020 and January 2022, she approached older women on Saipan and Guam. She posed as a wealthy Chinese heiress and a successful Bitcoin investor.

The authorities revealed that Yuki treated victims to expensive meals and gifts and “bragged to them about how much money she made investing in Bitcoin.” 

“She confided in them about fictitious personal problems and claimed their friendship was important to her – often telling them, ‘You are like my mom.’  After gaining the victims’ confidence, Yuki requested money from these women.  She also solicited investments in Bitcoin based on false pretenses,” the press release read.

Follow us on X to get the latest news as it happens

The scheme continued after she left the Marianas, with new victims defrauded in Washington and California. FBI Honolulu Special Agent in Charge David Porter said Yuki forged a federal judge’s signature to advance the scheme. The act showed contempt for victims and the rule of law, he said.

Yuki was found guilty of wire fraud. Alongside the prison term, the court ordered three years of supervised release, 100 hours of community service, restitution totaling $769,355.67, and a mandatory $200 special assessment. In addition, a criminal forfeiture judgment of $684,848.34 was imposed.

Crypto scams have surged across the US. The Federal Bureau of Investigation (FBI) reported $11.4 billion in losses from cryptocurrency fraud in 2025. That marked a 22% jump from 2024. Americans aged 60 and older accounted for $4.43 billion of those losses. 

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
What to Expect From NVIDIA Stock Price in April 2026?NVIDIA (NASDAQ: NVDA) stock price trades at $177.64 on the 2-day chart, up 5.31% over the past days but still down 6% year-to-date. April sits at a unique inflection for the stock. The Iran conflict c
Author  Beincrypto
Apr 08, Wed
NVIDIA (NASDAQ: NVDA) stock price trades at $177.64 on the 2-day chart, up 5.31% over the past days but still down 6% year-to-date. April sits at a unique inflection for the stock. The Iran conflict c
placeholder
Palantir Earnings Could Ignite AI Stocks Before NvidiaOne AI stock reports earnings on May 4, three weeks before Nvidia prints, and the technical setup is the most oversold it has looked in a year.Palantir (PLTR) closed above $143 on April 23, down about
Author  Beincrypto
Apr 24, Fri
One AI stock reports earnings on May 4, three weeks before Nvidia prints, and the technical setup is the most oversold it has looked in a year.Palantir (PLTR) closed above $143 on April 23, down about
placeholder
MicroStrategy’s Bitcoin Holdings Hit $63.46 Billion RecordStrategy’s Bitcoin (BTC) treasury climbed to a record $63.46 billion as of April 26, with the company holding 815,061 BTC across 107 purchase events at an average cost of $75,528 per coin.The treasury
Author  Beincrypto
Yesterday 02: 15
Strategy’s Bitcoin (BTC) treasury climbed to a record $63.46 billion as of April 26, with the company holding 815,061 BTC across 107 purchase events at an average cost of $75,528 per coin.The treasury
placeholder
MicroStrategy vs Tom Lee’s BitMine: Who Hits Target First?MicroStrategy and BitMine Immersion Technologies are racing toward different crypto accumulation targets. BitMine has pulled ahead. The Ether treasury is 16% short of its goal, while Strategy still tr
Author  Beincrypto
7 hours ago
MicroStrategy and BitMine Immersion Technologies are racing toward different crypto accumulation targets. BitMine has pulled ahead. The Ether treasury is 16% short of its goal, while Strategy still tr
placeholder
Ethereum Price Faces a New Risk and Potential Dip – Here’s WhyEthereum (ETH) price has broken down from the midline of its daily ascending channel after weeks of tightening volatility, opening the door to a slide toward $2,070 if support at $2,264 fails to hold.
Author  Beincrypto
7 hours ago
Ethereum (ETH) price has broken down from the midline of its daily ascending channel after weeks of tightening volatility, opening the door to a slide toward $2,070 if support at $2,264 fails to hold.
goTop
quote