If the pictures of Lamborghinis lined up outside bitcoin conferences in Manhattan or jet skis bobbing in the crystal clear waters of Bermuda are anything to go by, working at leading cryptocurrency exchange and derivatives trading platform BitMEX was a sweet gig.
Dwyer is still “at large” after being charged in October by the US Department of Justice with conspiring to breach US banking secrecy laws and anti-money laundering laws. The indictment sent shockwaves through the cryptocurrency community where the newly billionaire founders of BitMEX had been treated like celebrities, particularly Hayes.
Dwyer grew up on Sydney’s upper north shore. After graduating from St Ignatius in 2001, he went on to study at the University of Sydney. He graduated in 2008 with first class honours in his Bachelor of Commerce as well as a Bachelor of Science. BitMEX capitalised on the increasing interest in cryptocurrencies and the scarcity of actual hard currencies. The financial derivatives BitMEX sells allows customers to access a market for bitcoins and other crypto-coins without necessarily owning any.
While Hayes claimed victory on the day and was cheered by industry press, Roubini’s comments would spark a major investigation by one of America’s key market regulators, the Commodities Futures Trading Commission. More seriously the group is accused of wilfully flouting “know your customer” rules and thus anti-money laundering laws - some of the most important laws in finance - by allowing its customers to set up accounts anonymously via the dark web. It also deliberately flouted anti-money laundering laws, the indictment alleges.Dwyer and co-founder Ben Delo are also accused of personally allowing people to use fake identification to set up accounts.
The spokeswoman for Dwyer’s lawyers denied allegations by US authorities that he helped design and implement BitMEX’s deliberately flawed anti-money laundering processes.
Source: Digital Coin News (digitalcoinnews.net)
sdanck Another Riverview boy . Wasn’t the Hartman and Curtis saga enough of a eye popping story for the school 😳