Florida bitcoin exchange operator's dad avoids prison [Reuters (UK)]
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Source: Reuters
By Nate Raymond | NEW YORK NEW YORK The father of a Florida man who prosecutors said operated an illegal bitcoin exchange avoided prison on Friday after pleading guilty in a case that stemmed from an investigation into a cyber breach at JPMorgan Chase & Co. Federal prosecutors in Manhattan had sought up to 16 months in prison for Michael Murgio, a former Palm Beach County School Board member who pleaded guilty in October to obstructing an examination of a credit union linked to the bitcoin exchange. U.S. District Judge Alison Nathan instead sentenced Murgio, 66, to one year of probation, a $12,000 fine and 200 hours of community service, saying he was "far less" culpable than his co-defendants and had shown remorse. "None of us are the worst thing we have done in life," Nathan said in court. Prosecutors said bitcoin exchange Coin.mx was operated by one of Murgio's sons, Anthony Murgio, and was owned by Gery Shalon, an Israeli accused of overseeing a
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