Samourai Wallet Co-Founder Sentenced To 5 Years In Prison For Money Laundering
Keonne Rodriguez, one of the co-founders of the cryptocurrency mixer Samourai Wallet, was sentenced to five years in prison on Thursday for his role in operating a service that allegedly laundered “hundreds of millions of dollars” derived from illegal dark web activities and fraudulent schemes. US District Judge Denise Cote imposed the maximum sentence for the charge of conspiring to run an unlicensed money-transmitting business during a hearing on Thursday. Rodriguez Pleads Guilty In Samourai Wallet Case Rodriguez entered a guilty plea to this charge back in July as part of a plea....
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Quick Facts: 1️⃣ Prosecutors want the full five-year prison sentence for Samourai Wallet’s founders after they pleaded guilty to an illegal money-transmitting charge. 2️⃣ A key piece of evidence is an internal message where a founder called their mixing feature ‘money laundering for Bitcoin.’ 3️⃣ Best Wallet remains a private and secure multi-chain wallet for […]
The co-founder of Samourai Wallet, Keonne Rodriguez, was given the maximum prison time this week after his guilty plea in a US federal case linked to tools that allowed Bitcoin users to attempt to conceal their transactions. Related Reading: Bitcoin Boom Reward: Spain’s Science Institute To Liquidate Decade-Old BTC Holdings According to court filings, the […]
Alexander Vinnik, an alleged BTC-e operator, was found guilty of money laundering in France and sentenced to five years in prison.
The U.S. has sentenced a cryptocurrency exchange owner to 10 years in prison. He “knowingly and intentionally engaged in business practices designed to both assist fraudsters in laundering the proceeds of their fraud and to shield himself from criminal liability,” the Department of Justice alleges. Crypto Exchange Owner Sentenced to 10 Years in Prison The U.S. Department of Justice (DOJ) announced Tuesday that a bitcoin exchange owner has been sentenced to 121 months in prison “for his role in a transnational and multimillion-dollar scheme to defraud American....
Russian crypto exchange BTC-e’s operator Alexander Vinnik has now been sentenced to five years in prison by a French court and fined 100,000 euros. He was arrested over three years ago in Greece, extradited to France, and is wanted in the U.S. and Russia. Vinnik Sentenced After 3+ Years Alexander Vinnik, the operator of the now-defunct Russian cryptocurrency exchange BTC-e, was sentenced on Monday to five years in prison by a French court for money laundering. The 41-year-old is also ordered to pay fines of 100,000 euros ($121,270). While convicted of money laundering, Vinnik was....