Thursday August 6, 2020

American financier negotiates plea deal over allegedly taking $7 million in bitcoin trades

Thompson charged with fraud after he allegedly took combined $7m in bitcoin trades from two companies

Barry J Whyte

Chief Feature Writer

12th July, 2020
Symphony claimed it was a victim of fraud, while Thompson claimed that a third company, which he had engaged to serve as an intermediary in the deal, had stolen the funds

An American financier accused of wrongly taking $7 million in bitcoin trades, including $3.6 million from an Irish firm, is negotiating a plea deal with US prosecutors in New York.

Jon Barry Thompson was charged last year with commodities fraud and wire fraud by the office of the US Attorney for the Southern District of New York, which alleged that Thompson took more than $7 million from two companies.

In a statement at the time of the indictment,...

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