FBI Charges 6 for Allegedly Running $30M Money Transmitting Business Using Crypto
The FBI has charged six people for allegedly operating an illegal $30 million money-transmitting business using cryptocurrencies, according to court documents filed Wednesday in the Southern District of New York. The six – Shaileshkumar Goyani, Brijeshkumar Patel, Hirenkumar Patel, Naineshkumar Patel, Nileshkumar Patel and Raju Patel – operated without an appropriate money transmitting license in New York, according to the filing. The details, disclosed in the unsealed affidavit of an FBI agent seeking the individuals' arrest.
The U.S. Magistrate judge has granted the conditional release of at least one of the people named, Naineshkumar Patel, according to a court document. The filing cites an unidentified co-conspirator as saying that at least some clients "made money by selling drugs" and that the wealthiest clients "were hackers." The co-conspirator told an undercover officer that he had made approximately $30 million over three years through the exchange of cash for virtual currency. The arrested individual would later become a confidential source and for the next eight months cooperate with law enforcement in approximately 80 controlled pick-ups of cash totaling approximately $15 million.
Source
https://t.me/CryptoNewsSource
