Exec who bamboozled clients with crypto jargon pleads guilty to $3.25M fraud By Cointelegraph

Exec who bamboozled clients with crypto jargon pleads guilty to

Exec who bamboozled clients with crypto jargon pleads guilty to $3.25M fraud

The U.S. Department of Justice (DoJ) announced that the principal of crypto asset escrow company Volantis Market Making has pled guilty to commodities fraud worth more than $3.25 million on October 1.

Volantis executive, 49-year-old Jon Barry Thompson, made false representations to a company from which he solicited $3.25 million to make purportedly “no risk” (BTC) purchases through a third firm during June and July of 2018.

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