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CRYPTOCURRENCY

Crypto Firm Owners Plead Guilty to Tax Evasion, Face up to 5 Years in Prison

Crypto Firm Owners Plead Guilty to Tax Evasion, Face up to 5 Years in Prison

The owners of a cryptocurrency firm that raised approximately $24 million from more than 13,000 investors have pleaded guilty to tax evasion. “These crypto-savvy defendants exploited an emerging technology, lying to their investors, pocketing the proceeds, and concealing the income from the IRS,” said acting U.S. Attorney Chad Meacham. Crypto Firm’s Founders...

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Bitqyck Bruce Bise Chad Meacham DOJ IRS Samuel Mendez

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