AML Bitcoin Creator Convicted Of Wire Fraud And Money Laundering

A Tennessee man was recently found guilty on charges of extortion and wire fraud scheme in the attempted extortion of former Republican Presidential nominee, Mitt Romney. The extortion scheme from 2012 saw the accused demand $1 million in bitcoin in exchange for purportedly stolen tax returns belonging to Romney. A faux-hacker who tried to snag a million-dollar ransom in bitcoin in exchange for 2012 Republican Presidential nominee Mitt Romney’s tax records has been found guilty. In an announcement by the U.S. Department of Justice, Michael Mancil Brown, 37, was convicted of six counts of....

The ex-Secret Service agent convicted of stealing bitcoin during Silk Road investigation may haves stolen another $700,000 in bitcoin from the Secret Service. It has been over a year since the news about the involvement of two law enforcement agents from the US Drug Enforcement Agency (DEA) and US Secret Service in the theft of bitcoin belonging to Silk Road hit the stands. Shaun Bridges, the convicted ex-Secret Service agent is again in the news for allegedly stealing $700,000 worth of bitcoin after he pled guilty the first time. Shaun Bridges is currently serving a six-year sentence....

The former operator of bitcoin exchange Coin.mx, Anthony Murgio, has plead not guilty to money laundering. According to Bloomberg, Murgio also plead not guilty to operating the bitcoin exchange, wire fraud and conspiracy. As previously reported by CoinDesk, Murgio was charged with one count of money laundering and one count of willful failure to submit a suspicious activity report. He was arrested alongside Yuri Lebedev in July and accused of using Coin.mx as a money channel for a series of online criminal enterprises. Both him and Lebedev were charged with one count of conspiracy to....

The owner of a Bulgarian crypto exchange has been convicted of providing money laundering services to a Eastern European cyber fraud syndicate. Rossen Iossifov, a 53-year-old Bulgarian national and owner of the ‘RG Coins’ cryptocurrency exchange, has been convicted of operating a multi-million dollar money laundering ring as part of a transnational auction fraud scheme.Following a two-week trial Iossifov was found guilty by a federal jury in Frankfort, Kentucky, of conspiracy to commit money laundering and conspiracy to commit racketeering. The Kentucky resident will face sentencing on....

Two former federal agents who helped bring down the online black marketSilk Road have been convicted of wire fraud, money laundering, and stealing Bitcoins during the federal investigations of Silk Road. The two agents from the Drug Enforcement Administration and the U. S. Secret Service have been identified as Carl Force, 46 years old, resident of Baltimore and associated with the DEA, and Shaun Bridges, 32 years old, resident of Laurel, Maryland who works with the U. S. Secret Service as a special agent. The federal government took down the underground illicit market commonly known as....