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facing jail term – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Thu, 14 Oct 2021 03:30:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png facing jail term – DIGIT INFO https://www.digit.info 32 32 Crypto Firm Owners Plead Guilty to Tax Evasion, Face up to 5 Years in Prison https://www.digit.info/crypto-firm-owners-plead-guilty-to-tax-evasion-face-up-to-5-years-in-prison/ Thu, 14 Oct 2021 03:30:55 +0000 https://www.digit.info/2021/10/14/crypto-firm-owners-plead-guilty-to-tax-evasion-face-up-to-5-years-in-prison/ Read more]]> Crypto Firm Owner Pleads Guilty to Tax Evasion, Faces 5 Years in PrisonThe 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 […]

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