Bitcoin Fraud

The SEC accused Jon E. Montroll, 37, of Saginaw, Texas, of defrauding investors and skimming money from $775,000 of their “investments” in bitcoins, through his company, BitFunder, a co-defendant.

MANHATTAN — The SEC accused Jon E. Montroll, 37, of Saginaw, Texas, of defrauding investors and skimming money from $775,000 of their “investments” in bitcoins, through his company, BitFunder, a co-defendant.