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Texas federal judge decides to arrest former Washington state senator David Schmidt, involved in organizing the fraudulent cryptocurrency project Meta 1 Coin. It is reported by Cointelegraph.
The judge issued an arrest warrant for Schmidt and his accomplice Robert Danlap after they failed to appear at the meeting, which was held in a video conference format due to a pandemic.
On the arrest of Nicole Boudler, the third defendant in the Meta 1 Coin case, until the warrant was issued. However, she must comply with the requirements of the court until April 24.
According to the judge, he decided to arrest and not fine the accused, as the fine “will not be burdensome or effective,” given the amount of funds raised by them during the fraud.
Recall, according to the statement of the U.S. Securities and Exchange Commission (SEC), Schmidt, Denlap and Boudleno from April 2018 attracted about $ 4.3 million from more than 150 investors in the United States and abroad.
Fraudsters claimed that Meta 1 Coin coins were backed up by a $ 1 billion art collection and $ 2 billion gold. The SEC said that they were actually not provided with anything, and investors had never received tokens.
Source - Forklog
The judge issued an arrest warrant for Schmidt and his accomplice Robert Danlap after they failed to appear at the meeting, which was held in a video conference format due to a pandemic.
On the arrest of Nicole Boudler, the third defendant in the Meta 1 Coin case, until the warrant was issued. However, she must comply with the requirements of the court until April 24.
According to the judge, he decided to arrest and not fine the accused, as the fine “will not be burdensome or effective,” given the amount of funds raised by them during the fraud.
Recall, according to the statement of the U.S. Securities and Exchange Commission (SEC), Schmidt, Denlap and Boudleno from April 2018 attracted about $ 4.3 million from more than 150 investors in the United States and abroad.
Fraudsters claimed that Meta 1 Coin coins were backed up by a $ 1 billion art collection and $ 2 billion gold. The SEC said that they were actually not provided with anything, and investors had never received tokens.
Source - Forklog