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2019-07-26 17:30:11

Bitcoin escrow fund owner arrested for $7 million fraud

Jon Barry Thomson, the owner, and manager of a Bitcoin escrow company has been arrested and charged with defrauding clients from as much as $7 million in a series of transactions. According to the announcement of the Department of Justice of the United States, Thomson had lied to his corporate clients that purchasing Bitcoin through fiat via his service would save them a lot of headache in terms of loss during the transaction. The evidence shows that Thomson received two large transactions from two companies. One worth $4 million, while the other $3 million. In a series of lies that