FBI searches the house of the cryptocurrency manager Jesse Powell - investigations since September

FBI searches the house of the cryptocurrency manager Jesse Powell - investigations since September

fbi searched the house of cryptocurrency manager Jesse Powell

In March, the FBI searched the house of the cryptocurrency manager Jesse Powell. This was reported by the New York Times Business on July 6, 2023. Powell stated that the FBI and the US public prosecutor's office for the northern district of California have been determined against it at least September last year.

During the search, electronic devices were confiscated in Powell's house in Brentwood, Los Angeles. So far, however, Powell has not been accused of a crime. His lawyer Brandon Fox said that the investigation is mainly aimed at allegations by the Verge Center for the Arts, a non -profit organization founded by Powell. You have nothing to do with Powell's participation in the cryptocurrency industry. A spokesman for the Kraken company confirmed this statement.

fox emphasized that Powell hadn't done anything wrong. CoinTelegraph asked Powell to comment on the incident, but has not received an answer so far.

It was reported that Powell founded the art group Verge Center for the Arts in 2007 in Sacramento. However, it is stated in his LinkedIn account that he has been working as a founder and board member since April 2010.

Kraken, Powell's cryptocurrency exchange, is still the second largest cryptocurrency exchange based in the USA, directly after Coinbase.

Kraken was occupied by the US I stock exchange supervisory authority (Securities Exchange Commission) in February because the company had not registered its staking service program. The company agreed with the SEC and paid a fine of $ 30 million.

It remains to be seen how the investigation against Jesse Powell will develop. So far, the FBI and the public prosecutor have not raised any official charges.