Geek Group founder under criminal investigation for illegal crypto trading
According to Michigan-based news outlet Wood TV report, a couple of days ago that a local science and tech center was targeted during a raid by federal officials in December. The law enforcement activity came after the company was allegedly found to be running an illegal cryptocurrency exchange. The company’s staff probably didn’t expect to spend their Christmas participating in interrogations.
The founder of the innovative technology hub, formerly known as The Geek Group, used YouTube on Saturday night to explain why the company closed after a raid of the West Side offices by the FBI and the Homeland Security Agency.
Chris Boden, president of the National Science Institute (Geek Group), accepted responsibility for his actions and took the blame for the closing of the business, which occurred 10 days after the raid. It is unclear what charges Boden may be facing. Federal officials have declined comment.
On Sunday, Boden released a statement saying that on the advice of his lawyers, he won’t be commenting further.
It is worth noting that it was reported earlier that Nistor Vlad Călin, the founder of Romanian crypto exchange Coinflux, will be extradited to the United States. He was arrested earlier on a warrant from the U.S. for organized crime, money laundering and fraud allegedly conducted through his cryptocurrency exchange.