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California jury finds crypto founder deceived Block Bits investors
The case stemmed from claims that the company’s auto-trading platform was already running, which prosecutors argued were false.
A California federal jury on Monday found that cryptocurrency startup founder Japeth Dillman deceived Block Bits investors by falsely claiming the company’s auto-trading platform was up and running, according to Mortgage News Daily.
The ruling followed a trial in which Dillman’s co-founder testified against him under a plea agreement, the outlet said.
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