Instead, Sargsyan travels extensively and lives the life of luxury with his stolen money. He owns multiple homes in Los Angeles and an exotic car. In the end, however, the federal authorites seize his assets, including more than $160,000 in bank accounts. Finally, and for his transgressions, Sargsyan pleads guilty to criminal copyright infringement and receives a five year federal prison sentence. Despite Sargsyan’s guilty plea to causing $52 million in losses to the music industry, the RIAA estimates the actual losses in excess of $6 billion.
Home Financial Investigations Former Hip-Hop DJ Singing The Blues in Federal Prison for Copyright Infringement