The U.S. Department of Justice (DoJ) announced that the principal of crypto asset escrow company Volantis Market Making has pled guilty to commodities fraud worth more than $3.25 million on October 1.
Volantis executive, 49-year-old Jon Barry Thompson, made false representations to a company from which he solicited $3.25 million to make purportedly “no risk” Bitcoin (BTC) purchases through a third firm during June and July of 2018.