Michael Murgio agreed to plead guilty last week to one felony count involving his participation in a scheme in which a New Jersey credit union was used and controlled as a front to conceal an illegal Bitcoin operation.
According to a letter from the U.S. Attorney's office in New York to Murgio's attorney in early October, federal prosecutors said they will accept Murgio's guilty plea to conspiracy to obstruct an examination of a federal financial institution.
Murgio, 66, a former Palm Beach County School Board member and business consultant, was originally charged with one felony count of conspiracy to make corrupt payments with intent to influence an officer of a financial institution and one count of making a corrupt payment with intent to influence an office of a financial institution.
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