This Story About a Florida Man Involves Bitcoin and JP Morgan

A Florida man was arrested on Thursday for participating in a bribery scheme aimed at supporting an illegal bitcoin exchange operated by his son and owned by an Israeli behind a series of hacking attacks on organizations such as J.P. Morgan Chase



Michael Murgio, who serves on a school board in Palm Beach County, was charged in an indictment filed in federal court in Manhattan for participating in a scheme to pay bribes to let the bitcoin exchange’s operators gain control of a credit union.

The Federal Bureau of Investigation arrested Murgio, 65, in Palm Beach on Thursday morning, a spokeswoman for Manhattan U.S. Attorney Preet Bharara said. His lawyer did not immediately respond to requests for comment.

The indictment added Murgio as a defendant in a case against three other individuals including his son Anthony Murgio, who prosecutors say operated the unlicensed bitcoin exchange,, and was involved in the bribe scheme.

Prosecutors have said that was owned by Gery Shalon, an Israeli accused of orchestrating a massive hacking scheme with another Israeli, Ziv Orenstein, and an American, Joshua Samuel Aaron.

Prosecutors contend Shalon,

Read more ... source: TheBitcoinNews