Unlicensed Bitcoin Exchange Operators Plead Guilty in Louisiana
A Louisiana man and his son have plead guilty to running an unlicensed bitcoin exchange, the US Department of Justice said today. According to the Justice Department, Randall Lord and his son, Michael, plead guilty to one count of conspiracy to operate an unlicensed money services business. Further, the Lords allegedly failed to report cash receipts in excess of $10,000. The elder Lord also plead guilty to a charge of conspiracy to distribute the anti-anxiety medication alprazolam. The Justice Department said in a statement: “According to the guilty plea, from at least 2013 to 2015, the....
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A father-son duo from the state of Louisiana pleaded guilty to operating an illegal, unlicensed bitcoin exchange. An announcement from the U.S. Department of Justice revealed that Randall Lord, 58 and his son Michael Lord, 29, both from Shreveport, Louisiana, plead guilty to one count of conspiracy to operate an unlicensed money servicing business. In addition to the charge, Michael Lord also pleaded guilty to one count of agreeing to distribute Schedule IV controlled drug and anti-anxiety medication alprazolam. The duo also failed to report the receipt of over $10,000 in U.S. dollars. In....
A new report is surfacing suggesting that former BitInstant CEO and member of the Bitcoin Foundation Board of Directors, Charlie Shrem, is expected to plead guilty to unlicensed money transmission next Thursday in New York Federal Court. The report comes from Reuters Friday evening, citing Shrem's attorney, Marc Agnifilo, as the source of the news. Previously, Mr. Shrem has pleased not guilty against the counts against him, of which include running an unlicensed money transmitting business, money laundering (in connection with the now-defunct original Silk Road illicit marketplace), and....
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 former operator of the now-defunct bitcoin exchange Coin.mx has plead guilty in federal court. The move comes after Anthony Murgio had previously plead not guilty to money transmitting charges, first filed last year. The case has been connected by federal prosecutors to the hacking of major US companies, including JPMorgan Chase. Murgio changed his plea to guilty on three charges, including the operation of an unlicensed money transmission service, Reuters reports. He now faces sentencing in June. Attorney Brian Klein, who represents Murgio, confirmed the plea. He told CoinDesk by....
The former operator of a bitcoin poker site has plead guilty to one count of operating an unlicensed gambling site in the state of Nevada, reports say. Having avoided a maximum sentence of 10 years in prison, Bryan Micon, who ran the now-defunct Seals with Clubs, will have to pay a $25,000 fine and serve a probation term, VegasInc reports. If he completes his probation, Micon will instead be able to plead guilty to one gross misdemeanour count of conspiracy for running an unlicensed gambling site. The duration of his probation is yet to be determined. Micoin will also have to give up....