March 10, 2022

The founders of cryptocurrency company Bitqyck, Bruce Bise and Samuel Mendez, have been sentenced to 8 years in prison for tax evasion, two years after an $8 million settlement with the SEC for charges of defrauding over 13,000 investors of $24 million.  According to the DOJ press release, Bise and Mendex each diverted over $4 million of investor funds for personal expenses, then underreported their income and failed to file corporate tax returns for Bitqyck.  USAO NDTX

Tagged in: Cryptocurrency, Tax Fraud,