- Marlon “GothFerrari” Ferro was sentenced to 78 months in prison for his role in a racketeering conspiracy that stole over $250 million in cryptocurrency.
- Ferro broke into victims’ homes in Texas and New Mexico to steal hardware wallets containing crypto when digital theft methods failed.
- The operation used social engineering to access digital assets and Ferro laundered proceeds, spending over $255,000 on luxury goods and legal fees for co-conspirators.
- U.S. District Court Judge Colleen Kollar-Kotelly also ordered $2.5 million in restitution and three years of supervised release.
Marlon Ferro, a 20-year-old from Santa Ana, California known as “GothFerrari,” was sentenced to 78 months in federal prison Wednesday for his part in a massive crypto theft ring. The criminal enterprise operated between late 2023 and early 2025, stealing more than $250 million from victims across the United States. Ferro pleaded guilty to conspiracy to participate in a racketeer influenced and corrupt organization.
Prosecutors called him the operation’s “instrument of last resort.” When social engineering and Hacking failed, Ferro physically broke into homes to steal hardware wallets containing cryptocurrency. For instance, he traveled to Winnsboro, Texas in February 2024 and stole a hardware wallet holding about 100 Bitcoin, then worth over $5 million.
He conducted a similar break-in in New Mexico five months later. Ferro also served as the group’s key money launderer, using a fake ID to facilitate spending the stolen crypto. Consequently, he funded a lavish lifestyle for the conspirators with the illicit proceeds.
Ferro spent more than $255,000 on designer items like Hermès Birkin bags. He even used stolen funds to pay for the legal defense of the group’s leader after his arrest. U.S. Attorney Jeanine Ferris Pirro stated the sentence “sends a clear message: cryptocurrency fraud is not a victimless, consequence-free crime.”
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