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Bitcoin exchange owner gets 14 months in jail for lying about hack to SEC
- greenyoda 7y agoVery deceptive headline. Lying to the SEC was a minor part of what he was convicted of. The major charge was securities fraud - stealing from his customers to cover up his losses. The article says: > Montroll allegedly defrauded his customers by failing to disclose a hack of the exchange in July 2013. The Bitfunder operator then attempted to cover it up by misappropriating their funds to hide the lost bitcoins, according to federal prosecutors. And: > Montroll pleaded guilty to federal charges of securities fraud and obstruction of justice