Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: mlawson71 on July 28, 2019, 05:44:46 PM
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Federal agents in the state of New York have arrested the principal of a crypto currency escrow company Volantis for allegedly stealing over 7 million USD from two client companies.
US Justice Department says Jon Barry Thompson has scammed two client companies taking over 7 million USD by making false representations about Volantis’ Bitcoin transaction service.
According to the announcement of the federal authorities Thompson offered a service for low risk crypto settlements by acting as a mutual custodian for two transacting parties, but allegedly used his company as a cover to steal the custodied money.
Source (https://theforexreview.com/2019/07/26/volantis-ceo-arrested-for-a-7-mln-crypto-fraud/)