Oyster Protocol Founder Sentenced to 4 Years for $5.5M Crypto Tax Evasion Scheme

Amir Bruno Elmaani, founder of Oyster Protocol, sentenced to 4 years in prison for $5.5M tax evasion scheme involving secretly minting and selling PRL tokens.

Elmaani made over $10M in 2018 from exit scam but reported only $15K income and paid no taxes.

Spent millions on yachts, property, gold bars but used shell companies and nominees to conceal funds.

Pleaded guilty to tax evasion and failing to report crypto profits.

Sentenced to 4 years prison, 1 year supervised release, and ordered to pay $5.5M in restitution.