Illegal

California man to serve three years in federal prison for illegal bitcoin exchange and money laundering

California man to serve three years in federal prison for illegal bitcoin exchange and money laundering

advertisement A California man who in February agreed to plead guilty to felony charges of money laundering and operating a crypto exchange without proper licensure has been sentenced to three years in federal prison, according to a release from the U.S. Department of Justice. As The Block previously reported, Hugo Sergio Mejia operated a Bitcoin-to-cash …

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