# Crypto Escrow Agent Dodges Jail After Lying Over Stolen Millions

By Coinness

Canonical URL: https://www.tokenpost.com/news/investing/6433
Published: 2021-02-05T05:58:03.000Z
Updated: 2021-02-05T05:58:03.000Z
Section: Investing

> A Manhattan federal judge has let an escrow agent walk free for deceiving a crypto investment manager about having purchased $3.25 million worth of Bitcoin on their behalf in 2018.

A Manhattan federal judge has let an escrow agent walk free for deceiving a crypto investment manager about having purchased $3.25 million worth of Bitcoin on their behalf in 2018.

During a hearing held over video conference on Feb. 4, U.S district Judge Edgardo Ramos ordered Volantis Market Making founder John Barry Thompson of Pennsylvania to repay the $3.25 million to New York-based investment manager, Iterative OTC, and sentenced him to three years of supervised release. Thompson pleaded guilty in October 2020.

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