Former Dogecoin exchange CEO Ryan Kennedy faces fraud charge

Dogecoin exchange founder Ryan Kennedy is convicted of theft and money laundering.Kennedy who was the founder of Mollah dogecoin exchange has been taken into custody.
Mollah was earlier know as Alex Green

According to local authorities
"[Kennedy] has been charged with a number of offences under the Fraud Act 2006 and Proceeds of Crime Act 2002. It is alleged the offences were committed between January – December in 2014. This included the theft of bitcoins to a value in excess of £1 million, that were then spent on a luxury lifestyle."