CT man accused of losing $950K on gambling site after soliciting funds through cryptocurrency scheme
A Connecticut man was indicted for allegedly defrauding investors of $950,000 through a cryptocurrency scheme and losing the funds on a gambling website.Summary
Elmin Redzepagic, 24, of Wolcott, Connecticut, has been indicted on charges of wire fraud, international money laundering, and making false statements to IRS agents. Authorities allege that between May 2021 and March 2025, Redzepagic falsely presented himself as a successful cryptocurrency investor, soliciting funds from multiple victims. He claimed investors earned profits but needed to pay “gas fees” to withdraw them, while falsely attributing the operation’s leadership to someone called “The Chef.” Instead of investing the funds, Redzepagic allegedly transferred approximately $950,000 to Stake.com, an offshore gambling platform, where he lost the money. He also used the platform to manage transactions and make small payments to victims to maintain the illusion of legitimacy. Redzepagic pleaded not guilty and is currently released on a $500,000 bond, facing up to 375 years in prison if convicted.
(Source：Courant)