The pinnacle of bitcoin escrow firm Volantis pleaded responsible on Thursday to 1 depend of commodities fraud for bilking an investor of over $Thre
The pinnacle of bitcoin escrow firm Volantis pleaded responsible on Thursday to 1 depend of commodities fraud for bilking an investor of over $Three million.
Jon Barry Thompson, 49, admitted in Manhattan federal district court docket that his crypto corporations – Volantis Market Making LCC and Volantis Escrow Platform LLC – by no means adopted by means of with a promised $3.25 million bitcoin purchase for one unnamed buyer in the summertime of 2018.
Thompson additionally settled prices introduced by the Commodities and Futures Buying and selling Fee on Thursday. A newly filed consent order requires him to pay $7.four million in restitution, completely bars him from bitcoin buying and selling, and compels him to cooperate with the CFTC in any future investigations.