Guilty Plea for Fraud Entered by Crypto Stock Exchange Operator

2018-7-24 02:03

The man behind two now-defunct cryptocurrency investment sites has pled guilty to securities fraud and obstruction of justice charges.
The U.S. Attorney for the Southern District of New York announced the guilty plea on Monday, coming days after it was reported that Montroll was close to a deal with prosecutors.
Jon Montroll was arrested back in February by U.S. authorities, as CoinDesk reported at the time, in connection with securities investment platform BitFunder and crypto exchange site WeExchange.
Montroll was accused of running an unregistered securities exchange, as well as providing info to investigators that was described as “misleading.”
WeExchange lost around 6,000 bitcoins at the time of the hack, which left the platform insolvent, as previously reported.

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