Prosecutor of the US Department of Justice accuses the head of the Bitcoin hosting company of fraud

The US Department of Justice prosecutor accused the head of a Bitcoin hosting company of defrauding investors of $7 million. Of the two allegations involved, one was commodity fraud and the other was telecommunications fraud. In a lawsuit filed on Thursday, he was accused of misleading statements about investment risks and made false statements about his custody and control of digital assets. The suspect Thompson was arrested in Pennsylvania on Thursday and faces a maximum of 40 years in prison.