A US man running so-called prosecutors called a “no questions asked” cash-to-bitcoin conversion service was punished for six years behind the bars and was ordered to give millions of dollars.
Punished by Boston court Judge Richard Stearns Says on May 22th.
Prosecutors said Nguyen had ran an unlicensed business sending money called national vending between September 2017 and October 2020, using various methods he learned in an online course to avoid authorities.
As part of the course, Nguyen taught how to hide his actual business from banks, Crypto exchange And the state authorities by masonry as a vending machine company that receive cash deposits, have a list of fictional suppliers, and generally avoid using the “bitcoin” phrase where possible.
According to prosecutors, including Nguyen’s customer base are many scam victims that has already been converting cash to Bitcoin (Btc) By artists abroad, as well as a drug businessman who sent $ 250,000 cash across 10 transactions in 2018.
The Department of Justice said Nguyen had returned more than $ 1 million to Bitcoin and “deliberately failed” to register with Treasury’s Financial Crimes Enforcement Network (FINCEN) despite the need to do so under the regulations of the Federal Anti-Money Laundering.
Nguyen also “failed to file weaknesses -suspected activity reports or money transaction reports in any of these transactions, including cash transactions over $ 10,000,” according to prosecutors.
Undercover cops sting nguyen
Nguyen often meets his clients in person to accept a huge amount of cash, which is how he was caught, the prosecutors said.
One May 2023 Pag -akusa It was said that at some meetings with undercover law enforcement officials, he accepted cash and sent Bitcoin in return, which lasted only 5% on the commission.
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Said the accusation that Nguyen used Encrypted messaging apps and “technologies that have become more difficult” to monitor his Transactions to Bitcoin and destroyed cash deposits in smaller sum in consecutive days and on different branches of the same bank to avoid authorities’ notice.
Nguyen was charged with running an unlicensed money that sends a business and a two -number of money losses. She is Please Not guilty of all charges in June 2023.
A jury condemned He was in November on unlucky money that sends business charges and only one of the money laundering charges, looking for him not guilty of a separate money laundering charge.
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