CEO of Online Crypto Trading Firm Project Investors Faces 17 Charges from DOJ

time:2022-01-27 09:30 source:Internet

On January 27, according to an official announcement by the U.S. Department of Justice, Paul E. Vernon, founder, operator and CEO of online crypto trading company Project Investors Inc., operating under the name Cryptsy, was involved in complex theft related to cryptocurrency trading. plan to constitute a criminal offense. The Justice Department charges include 17 counts of tax evasion, wire fraud, money laundering, computer fraud, tampering with records, documents and other objects. According to the indictment, Paul E. Vernon deceived cryptocurrency investors into trusting the security of the platform to store and trade their virtual currency, taking control of the cryptocurrency deposited on the Cryptsy website. Between May 2013 and May 2015, Vernon used his control over Cryptsy accounts, or wallets, to steal more than $1 million from Cryptsy's cryptocurrency wallet.

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