Bitqyck Founders Plead Guilty to Tax Evasion

Posted on by American Coins & Gold

Bitqyck Founders Plead Guilty to Tax Evasion
The founders of a crypto startup pleaded guilty to tax evasion in connection with a 2016 initial coin offering (ICO).Bruce Bise, 60, and Samuel Mendez, 65, face up to five years in federal prison in connection with the Bitqyck ICO, which raised $24 million, the U.S. Attorney for the Northern District of Texas said Wednesday.Bise pleaded guilty on Sept. 9 and Mendez on Oct. 13, according to the department.The duo allegedly scammed investors out of their funds, using the ICO’s proceeds on casino trips, cars, art, rent and luxury home remodels.The pair also promised investors who purchased Bitqy tokens they…