A federal court sentenced Ohio resident Rathnakishore Giri to nine years in prison for a multi-year crypto investment fraud that took at least $10 million from investors. The Justice Department said Giri promised high returns with no risk to principal and used money from new investors to repay earlier investors. The CFTC had previously accused Giri of running the Bitcoin derivatives scheme through SR Private Equity and NBD Eidetic Capital beginning in 2019.