A Florida man was arrested on Thursday for participating in a bribery scheme aimed at supporting an illegal bitcoin exchange operated by his son and owned by an Israeli behind a series of hacking attacks on organizations such as JPMorgan Chase & Co.
Michael Murgio, who serves on a school board in Palm Beach County, was charged in an indictment filed in federal court in Manhattan for participating in a scheme to pay bribes to let the bitcoin exchange’s operators gain control of a credit union.
Murgio, 65, was arrested by the Federal Bureau of Investigation on Thursday. He was later released on a $250,000 bond following a hearing in federal court in West Palm Beach.
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