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JON MONTROLL, BITFUNDER FOUNDER ACCEPTS TO BE GUILTY OF THE ...
Bitcoin News

JON MONTROLL, BITFUNDER FOUNDER ACCEPTS TO BE GUILTY OF THE CRIMES CHARGED AGAINST HIM

As was reported by Reuters few hours ago, founder of Bitfunder, the long-dead BTC stock exchange project, has accepted to be guilty of the charges placed against him and is at the verge of pleading for his criminal act. The Bitfunder operator is guilty to federal charges of obstruction of justice and securities fraud.

Jon Montroll, also known as Ukyo is a 37- years old man that was officially charged for operating unregistered securities exchange with the sole aim of defrauding it’s users and making false and misleading statements in connection with an unregistered offering of securities.

This criminal act of his, led to the loss of 6,000 BTC, worth around $72,000 then and over $45 million today. I’m 2013, this man provider FALSE balance statements to the US SEC in an investigation of the fake 6,000 BTC Bitfunder hack.

Bitfunder is a project set up for users who wish to sell virtual shares of businesses for bitcoins, as well as Bitcoin exchange and depository We exchange Australia Pty. Ltd. Their CEO sold all the bitcoins realised from this project, claiming that the whole assets were hacked.

However, in July 2013, Montroll started persuading companies to invest in another securities platform set up by him, he dubbed this one Ukyo Loan. Here, he promised a daily interest on every investment made, of which he finally failed to comply as promised. He continued this illicit act of his without knowing that one day, he will be caught on the throat by his evil deeds.

There have been reported of such cases recently, earlier this month, news had it that the former operator of BTC-ecrypto exchange was also removed from Greek to France by the Greek court. The former operator, Alexander Vinnik was charged by the US authorities in 2017 for criminal offences such as fraud and money laundering which is worth, almost $5 Billion in Bitcoin

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