Berman Nowlin, who was awaiting sentencing in relation to his involvement in the NFT, died of an apparent suicide. "rug pull" The family of the man accused him of wire fraud and money-laundering. Tampa Bay Times.
The 21-year-old was found guilty by a U.S. judge in November 2024 for orchestrating the purchase of an NFT. “rug pull” worth $400,000. Nowlin sold two Solana NFT Collections with the help of Devin Alan Rhoden. A third collection was cancelled.
It is important to note that the word “you” means “You”. Department of Justice Report These projects have been successful because of “outright false statements,” Included in the list of partners are “prominent businesses” The holders will be entitled to a certain amount of utility. The Department also defined the third collection as being cancelled because the team deleted Discord and Twitter after receiving payment.
In 2022 the NFT collection will be sold. “Undead Apes” You can also read about the importance of a good quality internet connection. “Undead Lady Apes” Before the sale “Undead Tombstone” It was cut short. Hundreds of victims contributed to the project, bringing in almost $400,000.
Nowlin tried to prove his innocence but lost the trial. Found guilty on November.
The interview was filmed in a very emotional manner. Tampa Bay TimesNowlin’s mother claims that Nowlin was deeply depressed after the guilty verdict. The family of Nowlin argues that the man was an unwitting accomplice to the plot, and blames Rhoden.
“In his eyes, I don’t think he thought he did anything wrong,” Daniel Barker said that Nowlin Barker’s brother is Daniel Barker. “My brother was just a young, naïve kid that kind of got taken advantage of.”
The argument here is that Nowlin was the developer of the projects—in charge of the behind-the-scenes creation of the tokens—while Rhoden was heading the marketing side of the project. J. Jervis Wise argued for Nowlin, claiming that the young woman had no idea about the rug-pull plans.
“Nowlin didn’t have any knowledge of what Rhoden was doing,” Wisely told the Tampa Bay Times. “Nowlin didn’t join in any plan with Rhoden to try to defraud anyone.”
The Department of Justice did, in fact, find evidence of Nowlin’s direct involvement. In particular, it was found in the report that he had executed money laundering by using “chain-hopping” Illegal substances Crypto Mixers This is done to conceal the originator and recipient of tokens. His bank account was traced.
He was facing up to five-years in federal prison at his January sentencing. Nowlin, a native of Alabama, died on December 21. The cause of his death is not known at this time, but according to his family Tampa Bay Times He took his life.