Canadian businessman sentenced to U.S. prison for concealing bitcoin stash - ICIJ

Firoz Patel was sentenced Thursday in a Washington , D.C. , federal court on one count of obstructing an official proceeding.

In 2012 , Patel launched the firm that would become known as Payza , which prosecutors said had scant due-diligence protocols.

Authorities say they remained in the dark about Patel 's stash of 450 bitcoin, now worth more than $40 million .