DOJ Indicts Cryptsy Exchange Founder for Stealing $1M in Crypto

DOJ Indicts Cryptsy Exchange Founder for Stealing M in Crypto
The U.S. Department of Justice (DoJ) has indicted Project Investors Inc. (also known as Cryptsy) CEO and founder Paul Vernon for stealing $1 million from wallets that the now defunct crypto exchange controlled, the agency announced Wednesday. In a 17-count indictment unsealed in Miami Federal court, the DOJ charged the 48-year-old Vernon with tax evasion, wire fraud, money laundering, computer fraud and destruction of records in a federal investigation, among other charges. The DOJ is alleging that between May 2013 and May 2015 that Vernon stole over $1 million from wallets that the exchange controlled and used his own crypto…