AutoTrade Gold founder Wahyu Kenzo (aka Dinar Wahyu Saptian Dyfrig), has been sentenced to 10 years in jail.
Kenzo was additionally fined Rp. 10 billion (~640,000 USD).
Kenzo and two accomplices have been arrested in early 2023. Indonesian authorities charged the scammers over operation of AutoTrade Gold, an alleged was a $582 million Ponzi scheme.
As reported by VOI, Kenzo (proper), Bayu Mahardika (aka Bayu Walker) and Raymond Enovan have been charged with violating
Article 106 of Regulation Quantity 7 of 2014 regarding Commerce at the side of Article 55 paragraph 1 of the Prison Code and Article 5 paragraph 1 at the side of Article 10 of Regulation Quantity 8 of 2010 regarding Prevention and Eradication of Cash Laundering.
Bayu Walker was sentenced to eight years in jail and a Rp. 6 billion wonderful (~$384,000 USD).
Raymond Enovan was sentenced to 4 years and 6 months, in addition to a RP 1 billion wonderful (~$64.000 USD).
Kenzo was dealing with a most 46 years sentence however Yuniarti S. Yudha, Head of the Malang Public Prosecutor’s Group, acknowledged his sentence was “in accordance with our calls for.”