This Story About a Florida Man Involves Bitcoin and J.P. Morganhttp://fortune.com/2016/04/21/florida-man-bitcoin/A Florida man was arrested on Thursday for participating in a bribery scheme aimed at supporting an illegal bitcoin exchange operated by his son and owned by an Israeli behind a series of hacking attacks on organizations such as J.P. Morgan Chase.
Michael Murgio, who serves on a school board in Palm Beach County, was charged in an indictment filed in federal court in Manhattan for participating in a scheme to pay bribes to let the bitcoin exchange’s operators gain control of a credit union.
The Federal Bureau of Investigation arrested Murgio, 65, in Palm Beach on Thursday morning, a spokeswoman for Manhattan U.S. Attorney Preet Bharara said. His lawyer did not immediately respond to requests for comment.
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Murgio, who prosecutors say operated the unlicensed bitcoin exchange, Coin.mx, and was involved in the bribe scheme.
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