U.S. Attorney for the Southern District of New York Damian Williams announced that American man Chester J. Stojanovich pleaded guilty to wire fraud to defraud more than $2 million from more than a dozen victims between 2019 and 2022 and faces up to 20 years in prison. Chester J. Stojanovich claimed to provide victims with specialized cryptocurrency mining computers (mining machines) and mining machine hosting services. In fact, Chester J. Stojanovich embezzled the victims' money. Chester J. Stojanovich will be sentenced at a plea hearing on March 2, 2023.