Bitqyck founders face up to 5 years in jail
The owners of a cryptocurrency firm, Bitqyck, have pleaded guilty to tax evasion. They raised approximately $24 million from over 13,000 investors and used the funds for personal expenses.
Bitqyck Founders Face Up to 5 Years in Jail
The US Department of Justice announced the guilty plea on Tuesday. Bruce Bise and Samuel Mendez, the founders, admitted to using the funds for personal expenses, including casino trips, luxury items, and rent.
Crypto Firm’s Founders Face Up to 5 Years in Jail
The US Department of Justice detailed the charges against the founders in court documents. Bise and Mendez admitted to raising $24 million from investors and not fulfilling their promises.
Bitqyck Founders Face Up to 5 Years in Jail
The US Department of Justice said the founders used the funds for personal expenses, including casino trips and luxury items. They also failed to report income to the IRS.
Crypto Firm’s Founders Face Up to 5 Years in Jail
The US Department of Justice said the founders failed to report income and paid a $8.3 million penalty to resolve claims of defra