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="https://cointelegraph.com/tags/usa" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/usa/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="https://www.woodtv.com/news/grand-rapids/geek-group-founder-discusses-criminal-investigation/1688295507" rel="nofollow,noopener" target="_blank">reported</a> Jan. 5.</p><p dir="ltr">As Wood-TV reported, Chris Boden, the <a href="https://www.youtube.com/user/Physicsduck/about" 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="https://cointelegraph.com/tags/fbi" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/fbi/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="https://www.facebook.com/CaptainBoden/posts/10217639457235761" 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="https://docs.google.com/document/d/1eWPGShE6JOA8JP8ZQwaMzVlmEbR2r7u1SvCy_WxwtVE/edit?fbclid=IwAR1Z-6OX5q4TCuSVUCBHX5yDuRiMqAu5PYbxX4UT_zzRPkbPrY8M8cBpl0k" 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="https://cointelegraph.com/tags/romania" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/tags/romania/amp">Romania's</a> <a href="https://bitcoinexchangeguide.com/coinflux/" rel="nofollow,noopener" target="_blank" data-amp="https://bitcoinexchangeguide-com.cdn.ampproject.org/c/s/bitcoinexchangeguide.com/coinflux/amp/">largest</a> crypto exchange Coinflux was reportedly <a href="https://cointelegraph.com/news/report-ceo-of-largest-romanian-crypto-exchange-arrested-on-us-warrant" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/report-ceo-of-largest-romanian-crypto-exchange-arrested-on-us-warrant/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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