Former head of credit union took bribes for bitcoin, feds says

The former chairman of a Jackson federal credit union was charged today in federal court with accepting more than $150,000 in bribes to turn over the credit union’s functions to operators of an illegal bitcoin exchange.

Trevon Gross, 46, former chairman of the Helping Other People Excel Federal Credit Union, is charged with accepting bribes, according to the office of Preet Bharara, U.S. Attorney for the Southern District of New York. Gross surrendered earlier today to the FBI, it said.

HOPE Cathedral in Jackson lists Gross as its pastor on its website. 

US District Attorney For NY Holds News Conference On Insider Trading ArrestPreet Bharara, U.S. attorney for the Southern District of New York. (Peter Foley | Bloomberg)

Court records say that Gross conspired with Anthony Murgio, the operator of an unlicensed bitcoin exchange called, and Yuri Lebedev, its computer operations manager, to fund operations of the exchange. 

According to Gross’ indictment, between October, 2013 and July 2015, exchanged millions of dollars for bitcoins, a virtual currency, from customers across the United States. The indictment says Murgio and the others miscoded credit and debit card transactions and limited the dollar amount of

Read more ... source: TheBitcoinNews