Illegal Crypto Exchange Busted. The List Of Seized Assets Is Incredible
This story is wild. The list of seized assets is wilder. In the District of New Hampshire, the police arrested a few people that were exchanging cryptocurrencies with no regard for any regulation or AML and KYC procedures. Apparently, “between May 25, 2016, and March 15, 2021, the defendants exchanged more than $10,000,000 in cryptocurrency for customers throughout the United States.
Both Freeman and DiMezzo were charged with “operating an unlicensed money transmitting business,” plus counts of wire fraud, money laundering, and attempting to evade taxes. Apparently, they “knowingly processed and profited from transactions conducted by fraudsters and scammers.”That’s just the appetizer of the story. The meat and potatoes is in how they did it, and the dessert is the wild-wild list of seized assets.Apparently, they instructed their clients to say that they were giving money.
Source
https://t.me/Crypto_Futures_Trading
