2018-7-20 19:16 |
The operator of defunct bitcoin investment platform BitFunder, Jon Montroll, is reportedly seeking a plea bargain over fraud and other charges laid against him by the U.S. Securities Exchange Commission (SEC).
Back in February, Montroll was hit with a number of charges for operating what the SEC said was an “unregistered securities exchange” and allegedly using the platform to defraud users of their cryptocurrency.
Separately, Montroll is accused of perjury and obstruction of justice over his failure to report a hack of his second business, WeExchange, in 2013.
It’s said that honesty is always the best policy – this is yet another case in which this virtue holds true.”
With the anticipated plea deal set to be finalized next week, negotiations between Montroll and the SEC are expected to reach a conclusion in the next three months, if not earlier.
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