Volantis CEO arrested for a $7 mln crypto fraud

[mlawson71]

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