Michel sentenced for defrauding investors through Mutant Ape Planet NFTs.
Court ordered $1.4 million forfeiture and a $15,000 fine.
Aurelien Michel, the developer behind the controversial Mutant Ape Planet NFT collection, has been sentenced to a month of incarceration and ordered to forfeit $1.4 million in fraud-related penalties. The decision, handed down by U.S. District Judge Margo Brodie, comes as part of a case involving Michel’s alleged scheme that defrauded investors of nearly $3 million.
Michel had already served the month-long lockup before sentencing, which took place on November 1. Alongside the forfeiture, he was fined an additional $15,000. While federal prosecutors sought a more severe 37-month prison term, Michel’s defense argued that the purported losses from the scheme were exaggerated. His attorneys contended that NFT purchasers received “digital artwork,” suggesting that the true extent of financial damage remained ambiguous.
Judge Brodie ackno
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