The FBI announced on Wednesday that Jon E. Montroll (aka Ukyo) has been taken into federal custody for giving false sworn testimony and false documentation to the Securities Exchange Commission (SEC).
Jon E. Montroll, a 37 year old from Texas, is now facing up to 30 years in jail for perjury and obstruction of justice. He operated two bitcoin services, Weexchange which functioned as a bitcoin depository and currency exchange service, and Bitfunder which facilitated the purchase and trading of shares of businesses that listed on the platform. He is accused of repeatedly lying to the SEC under testimony in an effort cover up massive client losses after being hacked.
Montroll also gave the SEC a screenshot supposedly showing the number of bitcoins available to Bitfunder users in the Weexchange Wallet as of October 13, 2013. This balance statement reflected 6,679.78 BTC as of that date.
However, the investigators say that the evidence revealed that this was a misleading fabrication.
Its indeed a good news!!! Recovered Funds