Beleaguered bank boss brought-up in Bitcoin bribery brouhaha

The head of a New Jersey credit union has been accused of turning control of his bank over to the operators of an alleged illegal Bitcoin exchange. On Thursday, the US Department of Justice (DOJ) charged Trevon Gross, the once-chairman of the HOPE Credit Union, with taking a $150,000 bribe from the operators of the coin.mx …

[Anonymous Coward]

Hmm..

So let me get this straight. Some dudes bribed a dude so they could provide services to other dudes exchanging bitcoins with yet more dudes?

Dude...

Surely it should be investigated as to why this was all necessary in the first place.

It is friggin' hard (well expensive) to get a license to do anything financial.

[TeeCee]

Re: Hmm..

It was necessary 'cos they won't actually give a license[1] to people whose business is laundering monopoly money into actual cash for ransomware scammers.......!

For a start, in order to be a licensed financial institution you have to keep proper records of transactions, which has the inconvenient side-effect of the authorities being able to show in court which crooks got which payments and when.

[1] Price is not an issue here.

[allthecoolshortnamesweretaken]

Amateurs

When you want something done properly, hire a professional.

[Anonymous Coward]

Re: Amateurs

Should've just gone to JP Morgan, Deutsche Bank or any other organized crime syndicate...