Former Credit Union Official Charged With Taking Bribe From Illegal Bitcoin Exchange
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....
Related News
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....
A Colorado credit union wants the states' marijuana industry to bank with it. Its fate, however, is up to a federal judge after Fourth Corner Credit Union filed a pair of lawsuits in Denver this week against the US Federal Reserve and the National Credit Union Administration. The two federal institutions denied the Credit Union's applications to serve the marijuana industry. Fourth Corner, chartered by the State of Colorado Division of Financial Services in November 2014, was created to serve the state's marijuana industry. The credit union has waited on the okay from federal insurers and....
The U.S. has charged two Chinese intelligence officers in a scheme to bribe a U.S. government employee to steal “secret” documents relating to the prosecution of a company in China. The defendants paid the government employee, who is actually a double agent, approximately $61,000 in bitcoin for stealing the information, according to the U.S. Department of Justice (DOJ). Alleged Chinese Spies Charged in Scheme to Steal Secret Documents The U.S. Department of Justice (DOJ) announced the unsealing of a criminal complaint Monday charging two Chinese intelligence officers in a....
Under the terms of a $7.2 billion class action settlement that a US federal judge approved in November, starting this Sunday, merchants will gain the legal right to charge credit card-paying customers extra to make up for their processing fees. Currently, every time a customer makes a payment with a credit card, merchants are charged about $0.25 + 2.9% for the transaction, and for many years, major credit card companies have included a term in their merchant agreements forbidding merchants from using surcharges or discounts to encourage their customers to pay with cash instead. The result....
A Florida man pled guilty yesterday after being indicted in a case tied to the now-defunct Florida bitcoin exchange Coin.mx. Michael Murgio, father of Coin.mx operator Anthony Murgio, allegedly took part in a plan to gain control of a New Jersey credit union. That plan, according to prosecutors, involved paying off senior officials at the Hope Federal Credit Union, which has since been shuttered. The elder Murgio was arrested in April, and this week pled guilty to a charge of conspiracy to obstruct an examination of a federal financial institution. He faces as many as five years in prison.....