RATE Group | US Man Pleads Guilty to Running $25 Million Bitcoin Laundering Scheme
59312
post-template-default,single,single-post,postid-59312,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

US Man Pleads Guilty to Running $25 Million Bitcoin Laundering Scheme

24 Aug US Man Pleads Guilty to Running $25 Million Bitcoin Laundering Scheme

Posted at 19:09h in Bitcoin News by

[ad_1]

A Los Angeles man pleaded guilty to running a $25 million Bitcoin (BTC) money laundering scheme and sale of methamphetamine.

Possible life sentence

News outlet U.S. News reported on Aug. 23 that 25-year-old Kunal Kalra has pleaded guilty to charges including money laundering and distributing methamphetamines. Per the report, he could be sentenced to life in prison.

The authorities allegedly claim that from 2015 through 2017 Kalra exchanged BTC and dollars, ran a Bitcoin ATM and admitted to making deals with drug dealers and other criminals.

Sold meth to an undercover agent

Kalra also reportedly sold two pounds of meth to an undercover law enforcement agent. According to the report, he also faces money laundering charges in Texas, which were filed earlier this month.

As Cointelegraph recently reported, the United States Department of the Treasury has added multiple cryptocurrency addresses to its Specially Designated Nationals (SDN) list under the Foreign Narcotics Kingpin Designation…

[ad_2]

Source link

Tags:
, , , , , , , ,