US Feds Raid Tech Hub for Unauthorized Crypto Trading: Report


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                A Michigan-based tech hub was reportedly raided by U.S. law enforcement, allegedly investigating unauthorized crypto trading.
                <p dir="ltr"><a href="" data-amp="">United States</a> federal agencies reportedly raided the office of a Michigan-based science and tech center last month during a crypto-related investigation, local news outlet Wood-TV <a href="" rel="nofollow,noopener" target="_blank">reported</a> Jan. 5.</p><p dir="ltr">As Wood-TV reported, Chris Boden, the <a href="" rel="nofollow,noopener" target="_blank">founder</a> of The Geek Group, made a live public statement on YouTube Saturday night, which has evidently since been deleted. Boden reportedly claimed the office of his tech-oriented, non-profit organization had been raided by members of the U.S. Federal Bureau of Investigation (<a href="" data-amp="">FBI</a>) and the Department of Homeland Security (DHS) on Dec. 21, elaborating that computers and other equipment were taken from his the office.</p><p dir="ltr">Wood-TV reported that Boden had stated he was &ldquo;commercially trading in crypto-currency [sic] without the proper authorization.&rdquo;</p><p dir="ltr">The founder also reportedly believes he is facing federal prison time and up to $100,000 in legal expenses.</p><p dir="ltr">Boden <a href="" rel="nofollow,noopener" target="_blank">posted</a> on Facebook today, Jan. 6, that he would be writing a live public statement in an open <a href="" rel="nofollow,noopener" target="_blank">Google Doc</a>, which by press time reads:</p><blockquote><p dir="ltr">&ldquo;On the advice of legal council I will not comment further on the Government&rsquo;s ongoing investigation.&rdquo;</p></blockquote><p>Last month, the CEO of <a href="" data-amp="">Romania's</a> <a href="" rel="nofollow,noopener" target="_blank" data-amp="">largest</a> crypto exchange Coinflux was reportedly <a href="" data-amp="">arrested</a> on a warrant from the U.S. for fraud, organized crime and money laundering.

In August, South Korean police raided the office of a local firm whose alleged crypto scam promised investors the spoils of a sunken Russian warship.

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