• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Tech

U.S. to Secure Guilty Plea in Case Tied to J.P. Morgan Hack Probe

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
October 26, 2016, 5:59 PM ET
Judge holding gavel, close-up
Photograph by Tetra Images/Getty Images

U.S. prosecutors are expected to obtain their second guilty plea in a case related to what they say was an illegal bitcoin exchange owned by an Israeli behind a series of hacking attacks on organizations such as J.P. Morgan Chase & Co.

Prosecutors in a letter filed in Manhattan federal court said Michael Murgio of Florida will plead guilty on Thursday after being charged for participating in a scheme to pay bribes to let the bitcoin exchange’s operators gain control of a credit union.

Under a plea agreement, Murgio has agreed to plead guilty to a single count of making a false statement to the U.S. National Credit Union Administration, said Stuart Kaplan, his lawyer said on Wednesday.

Get Data Sheet, Fortune’s technology newsletter.

Murgio was added as a defendant in April in a case against others including his son Anthony Murgio, who prosecutors say operated the unlicensed bitcoin exchange, Coin.mx, and was involved in the bribe scheme.

His plea would be the second in the case, after another Florida man, Jose Freundt, pleaded guilty on Oct. 13 to charges including that he conspired to operate Coin.mx as an unlicensed money transmitting business.

Prosecutors have said Coin.mx was owned by Gery Shalon, an Israeli accused of orchestrating a massive hacking scheme with another Israeli, Ziv Orenstein, and an American, Joshua Samuel Aaron.

Here’s Everything You Need to Know About Bitcoin

Prosecutors contend Shalon, Orenstein and Aaron ran a criminal enterprise that hacked into a dozen companies’ networks, stealing the personal information of more than 100 million people.

In the case of J.P. Morgan (JPYYL), prosecutors said records belonging to more than 83 million customers had been stolen.

While the Murgios are not accused of engaging in the hacking offenses, prosecutors said they committed crimes with their co-defendants, Florida resident Yuri Lebedev and New Jersey pastor Trevon Gross, related to the unlicensed operation of Coin.mx.

Why J.P. Morgan Chase Is Building a Blockchain on Ethereum

Prosecutors said beginning in 2013, Anthony Murgio operated Coin.mx, which exchanged millions of dollars of the virtual currency bitcoin for customers, while Lebedev supervised computer programming functions for the exchange.

To evade scrutiny of Coin.mx, the Murgios and Lebedev in 2014 acquired control of Helping Other People Excel Federal Credit Union of Jackson, New Jersey, by paying $150,000 in bribes to its chairman, pastor Trevon Gross, an indictment said.

Anthony Murgio, Lebedev and Gross have pled not guilty. They are scheduled to face trial on Feb. 6.

Shalon and Orenstein pleaded not guilty following their extradition from Israel in June. Aaron is currently in Russia.

About the Author
By Reuters
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
Fortune Secondary Logo
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

Elon Musk looks down with one hand pressed to his mouth.
AIAmazon
‘Proceed with caution’: Elon Musk offers warning after Amazon reportedly held mandatory meeting to address ‘high blast radius’ AI-related incident
By Sasha RogelbergMarch 11, 2026
5 hours ago
AIBig Data
This startup is helping tech giants and real estate developers find land for data centers—and using its own GPU cluster to do it
By Jessica MathewsMarch 11, 2026
8 hours ago
NewslettersCIO Intelligence
Why Levi’s turned a hackathon idea into an AI tool for store employees to make denim shopping easier
By John KellMarch 11, 2026
9 hours ago
electrical engineer
SuccessCareers
BlackRock is splashing $100 million on training plumbers, electricians, and HVAC technicians as its CEO flags a skilled trade worker shortage
By Preston ForeMarch 11, 2026
10 hours ago
Apple CEO Tim Cook
SuccessCareers
Tim Cook says late Apple cofounder Steve Jobs gave him this unforgettable advice before handing over the reins as CEO: ‘Never ask what I would do’
By Emma BurleighMarch 11, 2026
10 hours ago
data centers
PoliticsData centers
Virginia’s starting to question whether its giant tax breaks for data centers are such a good idea
By Olivia Diaz, Marc Levy and The Associated PressMarch 11, 2026
11 hours ago

Most Popular

placeholder alt text
Economy
'This cannot be sustainable': The U.S. borrowed $50 billion a week for the past five months, the CBO says
By Eleanor PringleMarch 10, 2026
1 day ago
placeholder alt text
Big Tech
Big tech has defeated everything for 30 years, but for the first time faces something it can't control: a jury
By Carolina Rossini and The ConversationMarch 10, 2026
1 day ago
placeholder alt text
Future of Work
Shark Tank's Kevin O'Leary doesn't care if you work from your basement. He just wants to know if you can ‘execute’
By Marco Quiroz-GutierrezMarch 10, 2026
2 days ago
placeholder alt text
Politics
Washington state wants to keep employers from microchipping workers, before anyone even gets the idea
By Catherina GioinoMarch 10, 2026
1 day ago
placeholder alt text
Success
Citi CEO Jane Fraser swears by Warren Buffett's golden rule for dealing with conflict at work: 'Never, ever respond to that email in anger'
By Preston ForeMarch 10, 2026
1 day ago
placeholder alt text
Personal Finance
Retirees wait for the day they can sell their homes and cash in—but there's a secret Medicare 'trap' that could stop them in their tracks
By Sydney LakeMarch 11, 2026
18 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.