French Crypto Trader Jailed for 18 Months for Buying a Ferrari With Bitcoin – Regulation Bitcoin News


A French crypto trader, Thomas Clausi, is currently jailed in Morocco where he was convicted of the crime of purchasing a Ferrari using bitcoin. Clausi’s arrest and subsequent jailing came after a woman, who sold him a Ferrari for $440,000 in April 2021, filed a complaint against the crypto trader when the price of the crypto asset had dropped to just over $30,000.

Crypto Trader Ordered to Pay Fine of $3.7 Million

A 21-year-old Frenchman and crypto trader, Thomas Clausi, is currently serving a jail term in Morocco for allegedly buying a supercar worth $400,000 with bitcoin, a report has said. In addition to slapping Clausi with an 18-month jail term, the Moroccan court also ordered the crypto trader to pay a fine of over $3.7 million (€3.4 million).

According to a report by Gararin News, trouble for the Frenchman began when a woman who sold him a Ferrari for nearly $440,000 filed a fraud case against him. Although Clausi is said to have paid the full amount in April 2021 using BTC, the unnamed woman only filed her complaint in July when the price had dropped. As shown…

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