A New York man pleaded guilty on Tuesday to defrauding more than a dozen victims out of a collective $2 million as part of a long-running crypto mining scam.

Chester “Chet” Stojanovich, 38, was arrested by the Federal Bureau of Investigation (FBI) in April and charged with one count of wire fraud.

From March 2019 to September 2021, Stojanovich posed as a dealer of crypto mining equipment, convincing customers to purchase mining machines through him and then taking payments to arrange hosting services at a facility in Goose Bay, Canada.

However, those facilities were a fiction and Stojanovich instead spent customers’ money on lavish purchases for himself, including private jet flights, limousine rides, parties, gifts for his wife and even paying off $80,000 of his personal credit card debt.