My former digital CEO has been accused of embezzling $1.5 million from a bitcoin trader
The post Former My Digital CEO Accused of Embezzling $1.5 Million From Bitcoin Trader appeared first on Coinpedia Fintech News
The former CEO of Mine Digital, an Australian-based website that buys bitcoins as a digital currency, has been accused of defrauding a person who intended to invest in bitcoins to keep $1.5 million ($2.2 million). The Australian Securities Investments Commission (ASIC) has charged Grant Coltspp with using the money to pay off or invest in others to pay off debt or buy cryptocurrency. It closed in September 2022 and lost creditors about $16 million in unpaid bills. Koltup's trial is now scheduled for December 2024. The maximum sentence under Queensland's criminal law is 20 years.
