Justice Department Slaps Escrow Firm Director in $7 Million Bitcoin Fraud

Bitcoin, Bitcoin escrow,

US authorities have arrested the operator of a Bitcoin escrow company for defrauding two firms of $7 million. Jon Barry Thompson – a Pennsylvania man who is the director of the Bitcoin escrow firm Volantis – has been arrested and charged with two counts of wire fraud and two counts of commodities fraud, the US Department of Justice (DOJ) stated in a press release yesterday. Thompson encouraged...

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