Former Credit Union Official Charged With Taking Bribe From Illegal Bitcoin Exchange

Former Credit Union Official Charged With Taking Bribe From Illegal Bitcoin Exchange

A U.S. court has charged Trevon Gross, the former chairman of a Jackson, N.J. federal credit union, with accepting $150,000 in bribes to turn the credit union’s functions over to the operators of Coin.mx, an illegal bitcoin exchange, according to NJ.com, a New Jersey news site.

The office of Preet Bharara, the U.S. Attorney for the Southern District of New York, said Gross surrendered to the FBI today. Gross faces one count of corruptly accepting payments as an officer of a financial institution, which has a maximum sentence of 30 years in jail, according to Bharara’s office.

Gross, the former chairman of the Helping Other People Excel Federal Credit Union, is listed as the pastor of Hope Cathedral in Jackson, N.J. on that organization’s website.

Conspiracy Charged

Gross conspired with Anthony Murgio, who operated Coin.mx, an unlicensed bitcoin exchange, and Yuri Lebedev, the exchange’s computer operations manager to fund the exchange’s operations, according to court records.

Murgio in November of 2015 pleaded not guilty to money laundering in

Read more ... source: TheBitcoinNews

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