Woofun AI reports that a U.S. federal jury has convicted Daniel Chartraw, the founder of the crypto platform Crypto-Pal, on multiple counts of cryptocurrency and investment fraud. The verdict addresses illicit activities spanning from March 2021 to February 2022, which resulted in financial losses approaching $1 million for victims.

Chartraw orchestrated the scheme through entities including Crypto-Pal LLC and TDA Global LLC, falsely marketing Crypto-Pal as a risk-free trading vehicle guaranteeing high returns. He also misrepresented TDA Global's operations, claiming involvement in aviation fuel supply or crypto infrastructure while using aliases to obscure prior criminal records. Chartraw is scheduled for sentencing on September 28, 2026, where he faces a maximum penalty of 20 years in prison and fines of $250,000 per count.