John O’Rourke (proper) former CEO of Riot Blockchain after a shareholders assembly in Oklahoma Metropolis on Could 9, 2018.
Federal authorities have launched a felony investigation into a gaggle that seems to incorporate the previous chief govt of Riot Blockchain, the cryptocurrency firm that was the topic of a CNBC investigation final yr, based on courtroom paperwork.
The investigation is parallel to a Securities and Trade Fee case that introduced claims towards John O’Rourke, the previous chief govt of Riot Blockchain, and others in alleged pump and dumps unrelated to Riot.
The felony case is being dealt with by the U.S. Lawyer’s workplace out of San Francisco, based on the transcript of a Could listening to from the civil SEC case obtained by CNBC. It’s unknown what corporations or actions are being examined. A spokesman for the U.S. Lawyer’s Workplace didn’t reply to CNBC’s request for remark.
In September, the SEC mentioned it charged a gaggle of 10 people and 10…