A federal jury in San Francisco has found 48-year-old Jafet Dillman, founder of crypto trading fund Block Bits Capital, guilty of wire fraud and conspiracy to commit wire fraud. The verdict came after a 10-day trial presided over by U.S. District Judge Richard Seeborg.

What happened

The jury returned guilty verdicts on two counts: wire fraud and conspiracy to commit wire fraud. The case was heard over ten days with Judge Richard Seeborg overseeing the proceedings.

How much money was involved?

Court documents show Dillman and an accomplice raised nearly $1 million from more than 20 investors.

Source: Incrypted