Nicholas Truglia, a crypto scammer convicted in 2022 and initially sentenced to 18 months in prison, had his sentence extended to 12 years on Thursday for failure to pay back a victim he targeted in 2018.

Truglia failed to pay over $20 million in restitution to crypto investor and CEO of the public relations company Transform Group, data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/bitangels-michael-terpin-negligence-of-major-phone-companies-is-cryptos-biggest-threat” title=”null”>Michael Terpin, according to data-ct-non-breakable=”null” href=”https://www.bloomberg.com/news/articles/2025-07-10/crypto-scammer-truglia-gets-12-years-prison-up-from-18-months” rel=”noopener nofollow” target=”_blank” title=”null”>Bloomberg.

“At sentencing, Mr. Truglia demonstrated a willingness to repay his victim the entire amount stolen,” Judge Alvin Hellerstein wrote in a July 2 order. The order also read:

lockquote data-ct-non-breakable=”undefined”>“At… lockquote>

Nicholas Truglia, a crypto scammer convicted in 2022 and initially sentenced to 18 months in prison, had his sentence extended to 12 years on Thursday for failure to pay back a victim he targeted in 2018.

Truglia failed to pay over $20 million in restitution to crypto investor and CEO of the public relations company Transform Group, data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/bitangels-michael-terpin-negligence-of-major-phone-companies-is-cryptos-biggest-threat” title=”null”>Michael Terpin, according to data-ct-non-breakable=”null” href=”https://www.bloomberg.com/news/articles/2025-07-10/crypto-scammer-truglia-gets-12-years-prison-up-from-18-months” rel=”noopener nofollow” target=”_blank” title=”null”>Bloomberg.

“At sentencing, Mr. Truglia demonstrated a willingness to repay his victim the entire amount stolen,” Judge Alvin Hellerstein wrote in a July 2 order. The order also read:

lockquote data-ct-non-breakable=”undefined”>“At… lockquote>