The fourth and final EmpowerCoin and JetCoin Ponzi defendant has pled guilty.

At a change of plea hearing held on September 16th, Dwayne Golden pled guilty to conspiracy to commit wire fraud and money laundering.

As part of his guilty plea, Golden (right) consented to forfeit $2.46 million towards restitution.

The court accepted Golden’s guilty plea at the change of plea hearing.

Golden’s charges were filed in early 2022, as part of a group of indictments targeting EmpowerCoin, ECoinPlus and JetCoin scammers.

At the conclusion of the hearing, the US Probation Department was ordered to file a Presentence Investigation Report by March 17th, 2025.

At sentencing, which is yet to be scheduled, Golden will face up to fifteen years in prison plus monetary penalties.

In addition to his pending criminal sentence, Golden was sued by the CFTC on related fraud charges in March 2022. The CFTC’s civil fraud against Eger has been stayed pending conclusion of criminal proceedings.

Golden’s co-defendants one by one pled guilty since charges were filed.

The guilty pleas are expected to hasten resolution of the CFTC’s civil fraud charges once the case is reopened.