Federal prosecutors have secured a 23-year prison sentence against Robert Dunlap in a crypto scam tied to Meta-1 Coin. The United States Department of Justice said the fraud caused more than $20 million in losses and affected nearly 1,000 investors.
Court records said Dunlap, a 55-year-old from Houston, ran the scheme from 2018 to 2023. During that period, he promoted Meta-1 Coin as a legitimate digital asset. Prosecutors said the project was built on false claims and fake support.