{"id":7631,"date":"2026-06-20T20:31:45","date_gmt":"2026-06-20T20:31:45","guid":{"rendered":"https:\/\/sandiegorelocationnews.com\/index.php\/2026\/06\/20\/former-el-dorado-county-resident-found-guilty-in-nearly-1-million-crypto-fraud\/"},"modified":"2026-06-20T20:31:45","modified_gmt":"2026-06-20T20:31:45","slug":"former-el-dorado-county-resident-found-guilty-in-nearly-1-million-crypto-fraud","status":"publish","type":"post","link":"https:\/\/sandiegorelocationnews.com\/index.php\/2026\/06\/20\/former-el-dorado-county-resident-found-guilty-in-nearly-1-million-crypto-fraud\/","title":{"rendered":"Former El Dorado County resident found guilty in nearly $1 million crypto fraud"},"content":{"rendered":"<article><!-- --><!-- --><!-- WPS-5038 -- removed the script from WPS and added the placeholder for trinity player --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- CONTENT --><!--[--><!--[--><\/p>\n<p>After an eight-day trial, a former El Dorado County resident was found guilty Thursday in a federal case regarding a series of fraudulent schemes.<\/p>\n<p>Read more <a href=\"https:\/\/sandiegorelocationnews.com\/index.php\/2026\/06\/20\/west-marine-closing-pittsburg-store-what-delta-boaters-should-know\/\">West Marine closing Pittsburg store: What Delta boaters should know<\/a><\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Amid the nearly $1 million scandal, Daniel Chartraw, formerly of South Lake Tahoe, was accused of controlling companies, including Crypto-Pal LLC. Prosecutors from the U.S. Attorney\u2019s Office for the Eastern District of California said he and other individuals acting on his behalf represented Crypto-Pal to investors as a cryptocurrency trading company with guaranteed high returns andno risk.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Chartraw, 53, worked with investors via phone calls, text, email and virtual meetings, according to the U.S. Attorney\u2019s Office, often using \u201cLeonard\u201d or \u201cLeon\u201d as an alias.<\/p>\n<p><!--]--><!--[--><\/p>\n<div>\n<p><strong>\u00bb\u00a0Folsom news in your inbox: <\/strong>Get our free Folsom email newsletter here<\/p>\n<\/div>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Prosecutors say Chartraw, who also has ties to Lodi, built trust through personal and professional relationships by using false account statements to misrepresent data for additional investment funds.<\/p>\n<p>Read more <a href=\"https:\/\/sandiegorelocationnews.com\/index.php\/2026\/06\/20\/43-year-old-motorcyclist-dies-in-sacramento-crash-coroner-says\/\">43-year-old motorcyclist dies in Sacramento crash, coroner says<\/a><\/p>\n<p><!--]--><!--[--><\/p>\n<p>\u201cWhen investors attempted to recover their money or questioned delays, he provided excuses, deflected responsibility, or stopped communicating altogether,\u201d the U.S. Attorney\u2019s Office wrote in a statement.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Chartraw regularly used Crypto-Pal\u2019s bank account to withdraw cash, make purchases and transfer investor funds into account he personally controlled, according to the Attorney\u2019s Office, causing a total loss to investors of nearly $1 million.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Senior U.S. District Judge William Shubb is expected to sentence Chartraw on Sept. 28, according to a release. He faces up to 20 years in prison.<\/p>\n<p>Read more <a href=\"https:\/\/sandiegorelocationnews.com\/index.php\/2026\/06\/20\/these-miss-california-contestants-return-to-the-pageant-year-after-year-heres-why\/\">These Miss California contestants return to the pageant year after year \u2014 here\u2019s why<\/a><\/p>\n<p><!--]--><!--]--><!-- --><!-- --><!-- --><!-- --><\/article>\n","protected":false},"excerpt":{"rendered":"<p>A former South Lake Tahoe resident, Daniel Chartraw, was convicted in federal court for running Crypto-Pal and defrauding investors of nearly $1 million.<\/p>\n","protected":false},"author":1,"featured_media":79,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,5],"tags":[],"class_list":["post-7631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crime","category-local"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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