BRADFORD, Pa. — Two brothers accused by federal regulators of defrauding friends and neighbors in their Pennsylvania hometown of more than $30 million in an alleged cryptocurrency scheme are now facing related federal criminal charges.
Shane Hvizdzak of Bradford and his lawyer brother Sean Hvizdzak of St. Marys are accused of converting investors’ money for their own use and lying about their investment performance to lure in more victims. They’re being charged with wire fraud, money laundering and conspiracy and are due in federal court later this month.
The government is seeking forfeiture of Bitcoins and other digital currencies, two Rolex watches, property in Bradford and $341,000 in cash.