Tag: money laundering

Mar 13 2021

John McAfee and Associate Face Federal Charges

In Manhattan. federal prosecutors have indicted John McAfee and an associate, Jimmy Watson, for fraud and money laundering crimes. John McAfee is the founder of the McAfee antivirus software company while Jimmy Gale Watson Jr. served as the executive adviser of the McAfee crypto team. Charges Against the McAfee Team On the 5th of March, the United States Attorney for the Southern District...

Feb 01 2021

US Man Pleads Guilty to Money Laundering Charges Involving $13M in Bitcoin

Feb 01 2021 Published at CoinDesk under tags  bitcoin california crime money laundering news

During a 28-month period, Hugo Mejia illegally exchanged millions of dollars- worth of bitcoin while attempting to hide his activity.

Jan 26 2021

Philippines Issues Crypto Industry Guidelines to Guard Against Money Laundering

New guidelines bring the nation's digital asset industry in line with Financial Action Task Force standards.

Jan 13 2021

Owner of Crypto Exchange RG Coins Gets 10 Years in Prison for Laundering $5M

Jan 13 2021 Published at CoinDesk under tags  bulgaria crime exchanges money laundering news

The 53-year-old Bulgarian national was convicted for laundering funds via cryptocurrency for a fake online auctions gang.

Dec 18 2020

US Man Admits Using Bitcoin to Help Launder $630K From Romance, Lottery Scams

Austin Nedved pleaded guilty to involvement in scams that reaped over $600,000 by targeting the elderly and vulnerable.

Dec 09 2020

Over 13% of Bitcoin Crime Proceeds Laundered Through ‘Privacy Wallets’: Elliptic

Dec 09 2020 Published at CoinDesk under tags  coinflash crime elliptic money laundering news

The number of crypto criminals using so-called privacy wallets to help hide their identities is on the rise, according to analytics firm Elliptic.

Nov 13 2020

Payza Founders Sentenced in $250M Money Laundering Case

Nov 13 2020 Published at CoinDesk under tags  legal money laundering news payza

Canadian brothers Firoz and Ferhan Patel are headed to prison after admitting their payments company had broken the law.

Nov 10 2020

Former Microsoft Employee Charged With First-Ever Bitcoin Tax Fraud in US

Nov 10 2020 Published at Crypto Briefing under tags  business money laundering taxes theft

A Ukrainian software engineer has been sentenced to nine years in prison after defrauding Microsoft of more than $10 million. Volodymyr Kvashuk transferred funds into Bitcoin as part of the elaborate ploy. Ex-Microsoft Employee Absconds With Millions Over a period of seven months during his time at Microsoft, Kvashuk stole millions of...

Nov 03 2020

Huobi Chief Operating Officer Under Investigation

China has been facing a major challenge stopping the laundering of money through crypto. Reportedly, over 1 trillion yuan have been illegally dealt every year in China via cryptocurrency. As a result of this, the Chinese police have been cracking down on many exchanges. The latest victim is Huobi. Chinese media Weibo reports that Robin Zhu, COO of the famous Huobi cryptocurrency exchange,...

Sep 23 2020

FinCEN Files Remind Us That Bitcoin Is Still Not For Money Laundering

Sep 23 2020 Published at Bitcoin Magazine under tags  dark web fincen money laundering

This article originally appeared in our Down The Rabbit Hole newsletter. If you want our news and analysis straight to your inbox, make sure you subscribe now! This week, a released cache of thousands of reports from major banks showed that these institutions ignored their own concerns and willingly moved trillions of dollars around the world on behalf of suspected terrorists, criminals...

Sep 21 2020

Leaked FinCEN Documents Show Global Banking Responsible for $2 Trillion in Dirty Money

Sep 21 2020 Published at Crypto Briefing under tags  analysis money laundering

Banks all over the world have been caught red-handed laundering illicit money and helping affluent individuals evade American sanctions, according to FinCEN documents. The traditional financial system is broken in many ways. But is crypto much better? Banks Privy to Money Laundering Governments have been...

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