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Bookmarking Crypto InsightsThu, 14 Oct 2021 03:30:55 +0000en-US
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3232Crypto Firm Owners Plead Guilty to Tax Evasion, Face up to 5 Years in Prison
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Thu, 14 Oct 2021 03:30:55 +0000https://www.digit.info/2021/10/14/crypto-firm-owners-plead-guilty-to-tax-evasion-face-up-to-5-years-in-prison/Read more]]>The owners of a cryptocurrency firm that raised approximately $24 million from more than 13,000 investors have pleaded guilty to tax evasion. “These crypto-savvy defendants exploited an emerging technology, lying to their investors, pocketing the proceeds, and concealing the income from the IRS,” said acting U.S. Attorney Chad Meacham. Crypto Firm’s Founders Face up to […]