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- May 18, 1997
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What happens when you sell virtual shares of companies that require a bitcoin purchase and then sell those bitcoins off on the open market for real dollars and use that money for personal purchases? You are probably going to jail for a while. While we do not know if Jon Montroll is going to jail yet, Reuters tell us he has plead guilty.
NEW YORK (Reuters) - The operator of a shuttered bitcoin-denominated exchange pleaded guilty on Monday to federal charges that he defrauded investors and lied to U.S. securities regulators investigating the theft by hackers of virtual currency now worth about $46 million.
NEW YORK (Reuters) - The operator of a shuttered bitcoin-denominated exchange pleaded guilty on Monday to federal charges that he defrauded investors and lied to U.S. securities regulators investigating the theft by hackers of virtual currency now worth about $46 million.