Police arrested Michael Murgio in Palm Beach, Fla. for participating in a scheme to pay bribes to allow the Coin.mx bitcoin exchange gain control of a New Jersey credit union, according to Fortune. Prosecutors claim the scheme stole information on 100 million people.
Murgio, 65, who serves on a Palm Beach County, Fla. school board, was indicted in a federal court in Manhattan. He was indicted along with three others, including his son, Anthony Murgio.
The Federal Bureau of Investigation (FBI) arrested Murgio Thursday in Palm Beach, Fla. His attorney did not respond to requests for comment.
Murgio will be arraigned on Tuesday, April 26, in New York, where he will hear what the charges against him are, according to WPTV in West Palm Beach, Fla.
Coin.mx was owned by Gery Shalon, an Israeli accused of masterminding a hacking scheme with another Israeli, Ziv Orenstein, and Joshua Samuel Aaron, an American. Prosecutors claim the three operated a criminal