Denver man Tyler Gaye, also known as NFT Machine, has been ordered by a judge to pay a total of $275,000 to the seven investors he had scammed by taking their money and not sending the promised NFTs.
Court Orders Scammer To Refund Victims
Seven investors filed a legal complaint against Tyler Gaye, claiming they had sent him $55,000. Gaye had apparently taken the money, given nothing back, and spent it on NFTs for himself. NFTs or non-fungible tokens are digital collectibles that can be purchased using cryptocurrency and are recorded on the blockchain.
The judge presiding over the case was Denver Circuit Judge David Goldberg, who was forced to declare a default judgment against Tyler Gaye because of his failure to respond to the plaintiffs and the court. A failure to respond usually results in a default judgment, in which the judge grants the plaintiffs the compensation that they demand.
Plaintiffs Granted Default Judgement
According to the default judgment ruling, in this case,
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