2026-01-16 07:37:41

A 54-year-old man from Washington County, Utah, has been sentenced to prison for telecommunication fraud and operating an unlicensed cryptocurrency service. Brian Garry Sewell was sentenced to 36 months in prison, with an additional 36 months of supervised release (a total of three years).

According to court records, the fraud involved losses of over $2.9 million. From December 2017 to April 2024, Sewell deceived at least 17 investors by promising investment returns and collecting funds.

More seriously, he also operated an unlicensed money transfer business—Rockwell Capital Management. This illegal entity conducted large-scale unauthorized fund transfers from March to September 2020.

This case serves as a reminder for investors to exercise caution and conduct thorough due diligence before participating in cryptocurrency investments. Unlicensed investment platforms, vague profit promises, and lack of transparent fund management are typical risk signals. Regulatory authorities continue to strengthen efforts to combat such fraud activities, and investors should prioritize trading on legitimate platforms with proper compliance credentials.

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GamefiEscapeArtist

· 5h ago

Another scam project has failed, 2.9 million USD, brother. Have you heard of the Rockwell platform? Anyway, I haven't touched it, luckily. This guy is really bold, daring to do this without a license. He deserves to go to jail. Compliance is really important, or else one day you'll become a victim. Don't be brainwashed by high returns; this kind of scheme is old and tired. It's either promising to get rich quickly or a Ponzi scheme. Web3 scams are indeed numerous. Looking at his tactics, I know he's bound to crash; it's just a matter of time. It only came to light after 17 people were scammed. I really doubt how many more haven't been discovered.

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CoffeeNFTrader

· 5h ago

Same old story, 2.9 million USD wasted just for a 3-year prison meal? --- Rockwell Capital Management... Why does this name sound so much like a scam to harvest leeks? --- Really, it all depends on who dares to play with unlicensed platforms. Serves them right. --- 17 people, huh? How convincing must that be... Why don’t I have that kind of skill haha. --- It’s always the same, only regretting after something goes wrong. Why didn’t I do my homework before? --- The question is, did this guy really get in? Or is he just talking? --- Compliance credentials are really a hard indicator; without them, it’s an immediate pass. --- Wait, they started scamming in 2017, why are they only being caught in 2024? --- Miners, take a look. This is the fate of unregulated platforms. --- 36 months? Is that all? Feels way too unfair to investors.

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CoffeeOnChain

· 5h ago

2.9 million USD... This guy really has guts. He was caught after seven years of fraud, what does that say? --- Unlicensed currency transfer is definitely the biggest pitfall. It's obvious at a glance that it's non-compliant. --- Again promising high returns... When will these tricks finally stop? The little investors need to wake up. --- Three years in prison feels a bit light. Is this the punishment for a loss of 2.9 million USD? --- Rockwell Capital sounds pretty impressive, but it's actually just a shell. --- From 2017 to 2024... It took so long for the truth to come out. Regulatory response is really slow. --- The key is for investors to be more cautious. If you can't see through a project, don't touch it. Not all high yields can be trusted. --- This case should have been exposed long ago, but unfortunately, victims had to wait seven years to get justice. --- Operating without a license is the most outrageous. Directly illegal and still daring to raise funds—really bold.

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ser_ngmi

· 5h ago

Another scammer caught, $2.9 million, bro. How many people got trapped? That's why I always say doing research is so important. Unlicensed operations are obviously fake. I've never even heard of the name Rockwell; be cautious. Three years in prison, and they still want to keep scamming after they get out. These people are truly unstoppable. Is compliant trading really that difficult? Do they have to resort to crooked methods? Damn, cases like this are increasing. Only true warriors dare to enter the market.

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WalletWhisperer

· 5h ago

ngl the behavioral pattern here is textbook... 7 year accumulation phase screams premeditation. 2.9M across 17 wallets? that's not randomness, that's systematic address clustering. what fascinates me is the transaction velocity gap between 2017-2020 vs the 2020 burst phase... tells you exactly when the algorithm shifted into liquidation mode.

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SchrodingerWallet

· 5h ago

Another scammer has been caught, 2.9 million... That's why I always say don't touch unlicensed platforms. --- This Rockwell Capital is just a shell company, how can anyone still believe it? --- 36 months is too short; scammers like this should be locked up longer. --- So I say, stay away from platforms that promise high returns, really. --- I knew it, the biggest enemy in the crypto world isn't the bear market, but these scammers. --- Unlicensed operations dared to do this in 2020, I really respect that. --- 17 people were scammed... Just thinking about it makes me sad. How can we prevent this? --- Compliance qualifications are really not to be overlooked; it's a bloody lesson. --- Sewell has been scamming from 2017 to 2024, I want to ask the regulators what they are doing. --- Every time I see this kind of news, I think of the money I lost to scams. Now I am more cautious.

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GhostWalletSleuth

· 6h ago

Another Ponzi scheme operator has been caught, 2.9 million gone? Oh my God --- Rockwell Capital Management, remember this name, don't invest your money there --- Three years is too short; this guy has been scamming for over 7 years --- Why can such unlicensed platforms still operate for so long... regulation? --- Listen up everyone, unlicensed + high return promises = a sure death combo --- I just want to know how those 17 investors are doing now --- Compliance platforms, let's go, or you'll really lose everything --- This guy has guts, scamming from 2017 to 2024 --- I remember the name Sewell, never touch such institutions in Web3

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