Operator of Fraudulent Bitcoin Platforms Faces Up to 20 Years in Prison

2018-7-26 23:20

According to Bloomberg, Jon E. Montroll from Saginaw, Texas is facing up to 20 years in prison for stealing thousands of Bitcoins from customer funds, running an unregistered securities exchange, and lying to US security regulators after his cryptocurrency exchange, BitFunder, was hacked.

Montroll pleaded guilty to securities fraud and obstruction of justice before US […].

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Bitcoin Trader Pleads Guilty to Securities Fraud, Faces 20 Years in Prison

Joe E. Montroll of Saginaw Texas is facing up to 20 years in prison after admitting to lying to investigators about his role in the theft of Bitcoins deposited by customers of his platform. 2018 has seen a raft of arrests and convictions in the cryptocurrency space as law enforcement, and financial regulators work hard […] The post Bitcoin Trader Pleads Guilty to Securities Fraud, Faces 20 Years in Prison appeared first on Ethereum World News.

2018-7-24 16:27