It is being reported by a Michigan television news organization that last month U.S. federal authorities raided a local science and tech center and that the raid was made in conjunction with a cryptocurrency trading investigation. According to Wood-TV, news of the raid came from Chris Boden, who is the founder of an organization called The Geek Group. Boden supposedly made the announcement on Saturday night live on YouTube. Though video of this announcement is currently unavailable and reportedly has been deleted. In the announcement, Boden stated that federal authorities had raided The Geek Group — which is a nonprofit technology group — on December 21 of last year. He further indicated that both the Department of Homeland Security (DHS) and the Federal Bureau of Investigation (FBI) had participated in the raid and that they had confiscated not only computers but also other types of equipment from the group's office. Wood-TV went on to say that Boden insisted in his announcement that the authorities had raided his office because he had been "commercially trading in crypto-currency [sic] without the proper authorization." Boden also supposedly thinks that he is currently facing not only a $100,000 fine but also a possible term in federal prison. On Sunday, Boden posted what he called a "live public statement" on Facebook. The statement, which consists of a link to a Google Doc file, currently states: "On the advice of legal council [sic] I will not comment further on the Government’s ongoing investigation." In recent months, authorities from across the world have been making raids and arrests relating to supposed cryptocurrency crimes. Last August, police in South Korea raided a local company that had been accused of running a cryptocurrency scam that allegedly promised investors returns from a mission to salvage a Russian warship that had sunk. Then, in December, authorities in Romania arrested the CEO of Coinflux, which is the country's leading digital currency exchange. The arrest was made in response to a U.S. warrant for his arrest on charges of organized crime, money laundering and fraud.
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