John Montroll, the founder of the “stock” of bitcoin stock exchange BitFunder, which ceased to exist in 2013, pleaded guilty to securities fraud and giving niepokonani the investigation. About it reports Reuters.
“John Montroll admitted that they deceived their investors and attempted to mislead the SEC not to take responsibility for the loss of bitcoins of its customers”, — said the lawyer, Jeffrey Berman.
Recall that US law enforcement agencies arrested 37-year-old John Montroll and charged him with fraud, and creating exchanges without a licence in February this year.
According to investigators, in July 2013, John Montroll BitFunder with the help and partnership of cryptocurrency sites and WeExchange Australia Pty Ltd, sold for bitcoins shares of business companies, and then took all the proceeds for personal use.
Then he began to attract investment from users of the platforms offering them security Ukyo.Loan. Montroll promised investors that they will receive daily interest and will be able to redeem their shares at any time.
However, in 2013, the WeExchange site became the victim of a hacker attack in which the attackers stole about 6000 bitcoins. After hacking Montroll I could not continue to pay the promised funds to investors Ukyo.Loan, and customers with WeExchange and BitFunder. However, it continued to attract new investors without telling them about the hacker attack.
Montroll also accused of making false statements under oath. According to representatives of the Ministry of justice, he said the wrong number of bitcoins available to users of BitFunder and WeExchange.
U.S. district judge Richard Berman postponed the sentencing in the case Motrolla indefinitely.
Earlier ForkLog wrote that in July, a court in Los Angeles sentenced 50-year-old Teresa Tetley on charges of trading cryptocurrency without the necessary licenses and money laundering.
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