Home Blockchain News $9 Million Bitcoin Scam Defrauded More Than 250 Victims

$9 Million Bitcoin Scam Defrauded More Than 250 Victims

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Jon Montroll, the man behind BitFunder and WeExchange, was charged with fraud last February. He pleaded guilty last July, and will be sentenced in April. Montroll reportedly hid the theft of over 6,000 BTC from his platform in 2013, and went to great lengths to hide the hack – even lying to investigators. His lawyers are seeking probation, but prosecutors are pushing for a sentence of at least 27 months. Government Struggles to Identify Remaining Victims The SEC has reportedly sent a letter to the Southern District of New York, the federal court where Montroll will be sentenced, indicating that

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* First published on ccn.com

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