Pastor Charged With Taking Bribes from Defunct Bitcoin Exchange
A New Jersey pastor and former credit union executive has been indicted for allegedly taking bribes from the now-defunct bitcoin exchange Coin.mx. As previously reported by CoinDesk, Coin.mx operators Anthony Murgio and Yuri Lebedev were arrested last summer and charged with running an illegal money services business. Prior to its closure, Coin.mx functioned by way of a so-called “Collector’s Club”, in which customers were considered members of a private organization. Prosecutors allege that this structure was used to obscure the nature of the exchange. Pastor Trevón Gross, named in a....
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A South Korean court has sentenced the former CEO of the defunct crypto exchange Coinnest to 18 months in prison. The court also fined him over $61,000, who also was charged for fraud in 2020. Prosecutors Accused Coinnest Executives of Receiving 110 BTC in Bribes According to Fn News, the Supreme Court of Korea determined that Kim Ik-hwan should spend time in jail, as the authorities previously indicted him in 2018 for accepting bitcoin (BTC) bribes. The investigation unveiled that he and other executives received almost $771,270 worth of BTC (at the time) for arranging the listing of an....
A U.S. court has charged Trevon Gross, the former chairman of a Jackson, N.J. federal credit union, with accepting $150,000 in bribes to turn the credit union’s functions over to the operators of Coin.mx, an illegal bitcoin exchange, according to NJ.com, a New Jersey news site. The office of Preet Bharara, the U.S. Attorney for the Southern District of New York, said Gross surrendered to the FBI today. Gross faces one count of corruptly accepting payments as an officer of a financial institution, which has a maximum sentence of 30 years in jail, according to Bharara’s office. Gross, the....
A federal trial tied to the now-defunct Florida bitcoin exchange Coin.mx has been delayed. Yesterday, the court was set to begin jury selection for the trial of Yuri Lebedev – one of the co-operators of Coin.mx alongside Anthony Murgio, who plead guilty to three charges early last month – and Trevon Gross, a pastor who was accused of helping Coin.mx and its backers to take control of a New Jersey credit union in exchange for bribes. Gross was originally charged last March. Now, according to reports, Judge Alison Nathan has delayed jury selection by a day after the prosecution introduced a....
A Florida software engineer and a New Jersey pastor are expected to face trial connected to the Coin.mx bitcoin exchange investigation and a security breach at JPMorgan Chase & Co, reports Reuters. According to the report, jury selection is set to start in Manhattan federal court for Yuri Lebedev, the suspected planner behind Coin.mx’s platform, and Trevon Gross, a pastor and ex-chairman of a now-defunct credit union. Lebedev is suspected of misleading financial institutions into processing transactions for bitcoin exchange Coin.mx, which was unlicensed. He is also alleged to have....
CitiBank, JPMorgan Chase & Co, HSBC Holdings PLC and Bank of America Corp. are deeply involved in the bribes, kickbacks and laundering money schemes of some top FIFA officials and sports executives that have been indicted by the US law enforcement. According to a 164-page indictment released by the US Department of Justice, the banks participated in illegal payment schemes and wire transfers in the amount of millions of US dollars. On Wednesday, US authorities charged nine officials of Fédération Internationale de Football Association (FIFA) and five sports executives, alleging they were....