JPMorgan Chase Co, revealed in 2014, that exposed more than 83 million accounts.
Pastor Trevon Gross, 47, and programmer Yuri Lebedev, 39, were convicted of conspiracy and bribery charges by a jury in Manhattan federal court after a week of deliberations, according to a spokesman for federal prosecutors. Lebedev was also convicted of wire fraud and bank fraud.
Get Data Sheet, Fortune’s technology newsletter.
Henry Klingeman, Gross’s attorney, said in an email that he would seek an order overturning the verdict, “and — if and when the time comes — a fair and lenient sentence.”
Eric Creizman, a lawyer for Lebedev, had no immediate comment.
Prosecutors charged that Lebedev helped arrange bribes to Gross, including $150,000 in donations to his church. In exchange, they say, Gross helped the operator of Coin.mx, Anthony Murgio, take over a small credit union Gross ran from his church.
Murgio used the credit union to evade scrutiny of banks wary of processing payments involving the virtual currency, prosecutors say. Lebedev was accused of working for Coin.mx through a front called “Collectables Club.”
Attention 20-Year-Olds: Don’t Ruin Your Finances
Over the course of a four-week trial, lawyers for Lebedev and Gross tried to paint a different picture, saying their clients did not know that Murgio was running an illegal operation and never acted with corrupt intent.
The trial followed a probe rooted in the JPMorgan (jpm) data breach, which lead to charges against nine people.
Gross, Lebedev and Murgio were not accused of hacking. But prosecutors said Coin.mx was owned by an Israeli who was behind the breach, Gery Shalon.
Bitcoin May Go Boom: A Guide to This Week’s Big SEC Decision
Prosecutors say Shalon, together with Maryland-born Joshua Samuel Aaron, orchestrated cyber attacks that resulted in the theft of information from more than 100 million people.
Prosecutors said they carried out the hacks to further other schemes with another Israeli, Ziv Orenstein, including pumping up stock prices with promotional emails. Shalon, Aaron and Orenstein have pleaded not guilty.
Murgio pleaded guilty to charges related to Coin.mx in January. He is scheduled to be sentenced on June 16.
TheBitcoinNews.com – Bitcoin News source since June 2011 –
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise
Our Social Networks: Facebook Instagram Pinterest Reddit Telegram Twitter Youtube