Block Bits Capital Founder Found Guilty in $1 Million Crypto Fraud Case

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Block Bits Capital co-founder Japheth Dillman has been found guilty of wire fraud and conspiracy to commit wire fraud after prosecutors alleged that he and a co-conspirator misled more than 20 investors about an automated cryptocurrency trading system. The US Department of Justice said investors lost nearly $1 million. Dillman remains out on bond and is scheduled to be sentenced on December 8.

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