Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business ...
A bitcoin ATM operator has been indicted in New York for running an illegal business “marketed towards individuals engaged in criminal activity.” The district attorney in charge described: “Robert Taylor allegedly went to great lengths to keep his bitcoin kiosk business as secret as possible to attract a clientele that would pay top dollar for anonymity.” Operator of 46 Bitcoin ATMs Charged Manhattan District Attorney Alvin Bragg Jr. announced Wednesday that Robert Taylor has been indicted “for operating an illegal bitcoin ATM business....
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A bitcoin ATM operator has been sent to federal prison for two years for running an illegal cryptocurrency exchange operation. U.S. authorities have seized 17 bitcoin ATMs, along with some cryptocurrencies, including bitcoin. Illegal Bitcoin ATM Operator Sent to Prison The U.S. Department of Justice (DOJ) announced Friday that a California man, Kais Mohammad, has been sentenced to two years in federal prison “for operating illegal ATM network that laundered bitcoin and cash for criminals.” The Justice Department said that the 37-year-old operated an illegal crypto business....
A New Jersey pastor and former credit union executive has been indicted for allegedly taking bribes from the now-defunct bitcoin exchange Coin.mx. As previously reported by CoinDesk, Coin.mx operators Anthony Murgio and Yuri Lebedev were arrested last summer and charged with running an illegal money services business. Prior to its closure, Coin.mx functioned by way of a so-called “Collector’s Club”, in which customers were considered members of a private organization. Prosecutors allege that this structure was used to obscure the nature of the exchange. Pastor Trevón Gross, named in a....
A Texas man, who calls himself “Doctor Bitcoin,” has pleaded guilty to running an illegal cryptocurrency exchange business, converting cash to bitcoin. He faces five years in federal prison. Crypto Exchange Operator Pleads Guilty The U.S. Department of Justice (DOJ) announced Tuesday that a Texas resident, Mark Alexander Hopkins, has pleaded guilty to “illegally operating a cash-to-cryptocurrency conversion business.” The 42-year-old man, who calls himself “Doctor Bitcoin,” pleaded guilty to one count of operation of an unlicensed money transmitting....
One of the operators of the now-defunct bitcoin exchange Coin.mx has been indicted for his alleged role in turning a New Jersey credit union into a conduit for illicit transactions. In an indictment filed last week, US prosecutors said that Yuri Lebedev allegedly played a role in running Coin.mx, a Florida-based exchange that operated as a membership-style "Collectible's Club" in an effort to skirt money transmission statutes. As previously reported by CoinDesk, Lebedev and alleged co-conspirator Anthony Murgio were arrested in July. Prosecutors filed a superseding indictment against....
A U.S. District Court has indicted three individuals behind the now-defunct Geek Group for their role in running an illegal money transmission business that used bitcoin to move funds across states. According to the indictment documents, it was Christopher Allan Boden then president of the Geek Group, who “sold bitcoin to numerous customers, in exchange for U.S. currency, primarily cash.” Violation of Money Transmission Laws The indictment of Boden and his accomplices comes more than two years after federal law enforcement raided the Michigan-based not-for-profit organization.....