CluCoin Founder Pleads Guilty to Stealing $1.1M of Investor Funds for Online...

CluCoin Founder Pleads Guilty to Stealing $1.1M of Investor Funds for Online Gambling

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Source: Coindesk.com

The founder of Miami-based crypto project CluCoin has pleaded guilty to stealing over $1 million from investors and spending the money at online casinos.

According to court documents filed in a Florida court last week, CluCoin’s founder – 40-year-old Austin Michael Taylor of Maryland – admitted to regularly transferring funds earmarked for CluCoin-related projects to his own

Read More https://www.coindesk.com/policy/2024/08/22/clucoin-founder-pleads-guilty-to-stealing-11m-of-investor-funds-for-online-gambling/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "CluCoin Founder Pleads Guilty to Stealing $1.1M of Investor Funds for Online Gambling" appeared first here Coindesk.com.

Source: Coindesk.com

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