The U.S. Department of Justice says a 22-year-old California man has been sentenced for his role in $263 million crypto crime enterprise.
The DOJ says Evan Tangeman of Newport Beach pleaded guilty to laundering at least $3.5 million of stolen digital assets.
Tangeman, known online as “E,” “Tate,” and “Evan|Exchanger,” converted stolen cryptocurrency into cash.
He rented luxury homes while receiving exotic cars as payment, including a Lamborghini Urus arranged by a co-defendant. Agents seized a Rolls-Royce Ghost and a Porsche GT3 RS from his home.
U.S. Attorney Jeanine Ferris Pirro said the scheme showed “greed so brazen it borders on the cartoonish.”
Members spent the stolen money on nightclub tabs up to $500,000 an evening, luxury watches, handbags, clothing, private jets, security guards, and exotic cars.
The enterprise began no later than October 2023 and ran through at least May 2025.
It started with friendships formed on online gaming platforms and included members in California, Connecticut, New York, Florida, and abroad.
Tangeman will spend 70 months in prison with three years of supervised release.
He is the ninth person to plead guilty in the case.
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The post California Man Launders $3,500,000 in Stolen Crypto While Living ‘Fantastically Extravagant’ Lifestyle: DOJ appeared first on The Daily Hodl.
