Crypto Fund Founder Convicted of Fraud Over Fake Trading Bot
Japheth Dillman, founder of Block Bits Capital, was convicted of fraud for misleading investors about his trading software, 'Autotrader,' which he falsely claimed was operational. He raised nearly $1 million from over 20 investors based on these misrepresentations.
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Crypto Fund Founder Convicted of Fraud Over Fake Trading Bot
Japheth Dillman told investors that Block Bits Capital's "Autotrader" software was finished and running, and took nearly $1 million.
Block Bits Capital founder convicted in nearly $1M crypto fraud
A federal jury has convicted Block Bits Capital co-founder Japheth Dillman of wire fraud and conspiracy after prosecutors said more than 20 investors lost nearly $1 million in a fraudulent cryptocurrency trading fund. The U.S. Department of Justice said on…
