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Crypto stock exchange operator pleads guilty for fraud


xtinepink

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Posted

There are many cases around about people hacking, scams and other criminal cases involving cryptos. 

Jon Montroll was accused of running an unregistered securities exchange.On the report, Monday,  The U.S Attorney for the Southern District of New York announced the guilty plea. 

 

Montroll was arrested last February of this year Montroll by authorities, in connection with securities investment platform BitFunder and crypto exchange site WeExchange.

 

"As he admitted today, Jon Montroll deceived his investors and then attempted to deceive the SEC. He repeatedly lied during sworn testimony and misled SEC staff to avoid taking responsibility for the loss of thousands of his customers' bitcoins."

 

 

What are your thoughts?

 

source: 

https://www.coindesk.com/crypto-stock-exchange-operator-pleads-guilty-to-fraud/

Posted
10 minutes ago, wilbur said:

what may be the case that can be filed with him? is their law in US about cryptocurrency?

There are not any laws but once crypto is done to fiat then there might be laws

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