A New Jersey pastor convicted of accepting bribes from the now-defunct bitcoin exchange Coin.mx has been sentenced to five years in prison.
Trevon Gross was charged in March 2016, with federal prosecutors alleging that the pastor took bribes from those behind Coin.mx. In exchange, prosecutors said, Gross helped the firm use the Hope Federal Credit Union (which was later closed down by regulators) to facilitate international payments.
Gross, whose trial began in February, was sentenced by U.S. District Judge Alison Nathan on Monday.
As previously reported, Coin.mx was a Florida-based exchange that was shuttered in mid-2015 after its two operators, Anthony Murgio and Yuri Lebedev, were arrested and charged with running an unlawful money services business. Coin.mx was accused of obscuring the nature of its business by operating as a so-called "Collectible's Club."
The U.S. government later tied the exchange to a broader crime ring that targeted firms like J.P. Morgan with cyberattacks.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.