Two men who ran an “investment management service” called Dropil were sentenced to 2½ and 3 years in prison after stealing around $1.9 million from more than 2,000 people. They convinced people to buy DROP tokens, which they said would provide access to an automated trading bot that would return up to 63% in annual returns. In reality, there was no functional trading bot. When the SEC inquired, the two men forged profitability reports and lied under oath about the project.