US Feds Raid The National Science Institute, Formerly Known As “The Geek Group,” On Crypto Related Fraud Charges

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US_Feds_Raid_The_National_Science_Institute_Formerly_Known_As_“The_Geek_Group”_On_Crypto_Related_Fraud_Charges US Feds Raid The National Science Institute, Formerly Known As “The Geek Group,” On Crypto Related Fraud ChargesThe members of the US Federal Bureau of Investigation (FBI) and the Department of Homeland Security (DoHS), on Friday, Dec. 21st, 2018, raided the National Science Institute, formerly known as “The Geek Group,” during a crypto-related investigation, seizing computers and related equipment.

The incident, which came to light, after Chris Boden’s, the founder of The Geek Group, live public statement on YouTube Saturday night, Jan. 5th 2019, following the raid, has evidently since been deleted. Boden, as reported by local news, claimed that his office had been raided by the feds on Dec. 21st, 2018. In the statement, he also accepted his involvement in commercial trading of crypto-currency without the proper authorization. Concluding, Boden said that he’ll be facing federal prison time and legal expenses up to $100,000.

On Sunday, Jan. 6th 2019, Boden posted an announcement on Facebook, mentioning that he would be giving a written live public statement, which can be accessed at Google Doc. The statement mentions that on the advice of legal counsel he will not be commenting further on the Government’s ongoing investigation.

Earlier, in Dec. 2018, the CEO of Coinflux, Romania’s largest crypto exchange, was arrested for fraud, organized crime, and money laundering.