Indictment Order Issued Against Leaders of the Geek Group for Their Role Usin...
A U.S. District Court has indicted three individuals behind the now-defunct Geek Group for their role in running an illegal money transmission business that used bitcoin to move funds across states. According to the indictment documents, it was Christopher Allan Boden then president of the Geek Group, who “sold bitcoin to numerous customers, in exchange for U.S. currency, primarily cash.” Violation of Money Transmission Laws The indictment of Boden and his accomplices comes more than two years after federal law enforcement raided the Michigan-based not-for-profit organization.....
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By issuing a stop order, the Australian Securities and Investment Commission (ASIC) has further stalled the initial public offering (IPO) requested by Bitcoin mining company Bitcoin Group Limited (BGL, or simply: Bitcoin Group). The reason for this stop order is as of yet not known. A stop order is an administrative mechanism that allows ASIC to prevent offers being made under a disclosure document, which is presented to prospective buyers of Bitcoin Group shares. Such a measure can be taken when ASIC believes the IPO contains a misleading statement, requires additional information, or if....
Comments added from Brian Klein of Baker Marquart, Burt Wagner's attorney. An indictment against a Colorado bitcoin trader, Burt Wagner, has been dismissed "without prejudice" by a district court judge. Wagner had been charged by the US Attorney's Office for operating an unlicensed money transmitting business in the state of Colorado in late 2014. However, in a surprise turn of events, Judge William J Martinez issued an order to dismiss the case this Monday at its request. Brian Klein, Wagner's attorney, said in a statement: "I appreciate the US Attorney's Office doing the right thing and....
The world-class trading platform, Bitcoin.com Exchange announced it’s participating in the Cryptopia Exchange rescue consortium in order to help redistribute coins to customers. Bitcoin.com’s trading platform will provide an exchange environment in order to bolster the Cryptopia Rescue redistribution plan. Back in January 2019, the New Zealand cryptocurrency trading platform Cryptopia Exchange suffered a major breach and it affected 2.3 million account holders from all around the world. Estimates note that roughly $860 million worth of cryptocurrency was held on the exchange....
A new indictment has been filed against Anthony Murgio, the former operator of bitcoin exchange Coin.mx, months after charges were first submitted by the US Attorney's Office for the Southern District of New York. Court documents obtained by CoinDesk detail seven charges against Murgio, who was arrested in July alongside co-operator Yuri Lebedev and charged with the unlawful operation of a money transmission business as well as money laundering. Murgio later posted $100,000 bail. As in the original indictment, Murgio is accused of operating a vast conspiracy for the unlawful operation of....
One of the operators of the now-defunct bitcoin exchange Coin.mx has been indicted for his alleged role in turning a New Jersey credit union into a conduit for illicit transactions. In an indictment filed last week, US prosecutors said that Yuri Lebedev allegedly played a role in running Coin.mx, a Florida-based exchange that operated as a membership-style "Collectible's Club" in an effort to skirt money transmission statutes. As previously reported by CoinDesk, Lebedev and alleged co-conspirator Anthony Murgio were arrested in July. Prosecutors filed a superseding indictment against....