Company's decision to face token fraud and up to 60 years in prison

According to the Cointelegraph, Jon Barry Thompson, overseer of the Volantis Marketmaking token scam, could face a criminal conviction, and prosecutors want the court to set a date for September. Thompson raised $7 million from the two companies to buy digital devices in 2019, but the money was transferred to another account. He was sentenced to 10 years in prison for two counts of forgery and up to 20 years for two counts of conspiracy.