Connecticut Resident Pleads Guilty in Cryptocurrency Fraud Scheme Tied to Offshore Gambling Site

Federal prosecutors have secured a guilty plea from a Connecticut man in a cryptocurrency fraud scheme that sent investor money to an offshore gambling site. Elmin Redzepagic, 25, of Wolcott, pleaded guilty before U.S. District Judge Kari A. Dooley in Bridgeport to two counts of wire fraud, one count of international money laundering and one count of making a false statement to IRS agents, says the U.S. Attorney’s Office for the District of Connecticut. From May 2021 through March 2025 the man solicited investments by claiming strong returns in digital assets and then demanded extra payments described as gas fees before any withdrawals could occur. Victims were told a group including a figure called “The Chef” controlled decisions on payouts.

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