My Micro Profits founder Ryan Ginster has plead guilty to one count of wire fraud.
Criminal charges were filed against Ginster (right) in November 2021. The DOJ alleged Ginster ran several MLM crypto Ponzi schemes – taking in over $5 million.
Social Profimatic and My Micro Profits are two of Ginster’s Ponzis reviewed here on BehindMLM.
Following several delays, in October 2022 Ginster eventually pled not guilty to one count of wire fraud and five counts of engaging in monetary transactions.
By November Ginster had changed his mind, prompting a Change of Plea hearing scheduled for December 14th.
That hearing went ahead as scheduled yesterday, at which Ginster pled guilty to one count of wire fraud.
Ginster, 35, is facing up to 20 years in prison. Sentencing has been scheduled for March 29th, 2023.