AutoTrade Gold’s Wahyu Kenzo sentenced to 10 years in prison

AutoTrade Gold founder Wahyu Kenzo (aka Dinar Wahyu Saptian Dyfrig), has been sentenced to ten years in prison.

Kenzo was also fined Rp. 10 billion (~640,000 USD).

Kenzo and two accomplices were
arrested
in early 2023. Indonesian authorities charged the scammers over operation of
AutoTrade Gold
, an alleged was a $582 million Ponzi scheme.

As
reported by VOI
, Kenzo (right), Bayu Mahardika (aka Bayu Walker) and Raymond Enovan were charged with violating

Article 106 of Law Number 7 of 2014 concerning Trade in conjunction with Article 55 paragraph 1 of the Criminal Code and Article 5 paragraph 1 in conjunction with Article 10 of Law Number 8 of 2010 concerning Prevention and Eradication of Money Laundering.

Bayu Walker was sentenced to 8 years in prison and a Rp. 6 billion fine (~$384,000 USD).

Raymond Enovan was sentenced to 4 years and six months, as well as a RP 1 billion fine (~$64.000 USD).

Kenzo was facing a maximum 46 years sentence but Yuniarti S. Yudha, Head of the Malang Public Prosecutor’s Team, stated his sentence was “in accordance with our demands.”

🤖 Quick Answer

Who is Wahyu Kenzo and what was his crime?

What were the charges against AutoTrade Gold's operators?
The defendants were charged under Article 106 of Indonesian Trade Law Number 7 of 2014, Article 55 paragraph 1 of the Criminal Code, and Article 5 paragraph 1 of Law Number 8 of 2010 concerning money laundering prevention and eradication, relating to fraudulent investment scheme operations.

**What sentences did the other accomplices receive

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