A San Francisco-based gaming founder has been convicted of operating a fraudulent crypto trading fund. The founder, who was not named in the report, faces a maximum penalty of 20 years and $250,000 in fines for each count of conviction. The conviction is the result of a Department of Justice (DOJ) investigation. The case highlights the ongoing risks of fraudulent activities in the cryptocurrency space.
Source
"Crypto Fund Founder Convicted of Fraud" — The Block
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Block. Read the full original report at the link above.