SoCal crypto bro learns fate in $263M theft ring as fraudsters’ ‘fantastically extravagant’ lives exposed

George Mihalcea

A young alleged crypto fraudster lived a “fantastically extravagant” lifestyle with the funds he is accused of stealing, enjoying sports cars, a luxury rental house, and private jet rentals. Newport Beach resident Evan Tangeman, 22, has been sentenced to 70 months in prison for helping launder more than $263 million in cryptocurrency for a “multi-state criminal enterprise.” He previously pleaded guilty to laundering at least $3.5 million for members of the enterprise, which originated from