US Department of Justice Accuses Crypto Exec of $7 Million Fraud Scheme
Cointelegraph
Published Jul 25, 2019 06:10PM ET
Updated Jul 25, 2019 06:21PM ET
US Department of Justice Accuses Crypto Exec of $7 Million Fraud Scheme
Federal authorities in the state of New York have unsealed fraud charges against the principal of a purported cryptocurrency escrow company Volantis in the amount of over $7 million.
According to an announcement by the Department of Justice (DoJ), the United States Attorney for the Southern (NYSE:SO) District of New York and the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (FBI) unsealed a filing with the allegations on July 25. The defendant, Volantis principal Jon Barry Thompson, was also arrested on the same day.
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Written By: Cointelegraph
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