Dec 24, · Localbitcoins Trader Facing up to 40 Years in Prison Over Bitcoin Fraud Schemes A trader on Localbitcoins and Paxful has pleaded guilty to charges in connection with a couple of bitcoin scams. The U.S. Department of Justice alleges that the trader knowingly sold bitcoin to victims of fraudulent schemes. Bitcoin Trader Facing Jail Time. A former software engineer at Microsoft received a nine-year prison sentence Monday for an elaborate multi-million dollar criminal scheme involving bitcoin and digital gift cards. Dec 07, · Russian sentenced to French prison for bitcoin laundering A Russian bitcoin expert at the center of a multi-country legal tussle was sentenced in Paris on Monday to five years in prison .
Prison bitcoinBitcoin exchange founder sentenced to prison for money laundering | Engadget
Vinnick was arrested in Greece back in under an international warrant issued by the US Department of Justice and was extradited to France earlier this year. The Justice Department accused Vinnick of operating BTC-e as a front for a massive money laundering operation that accepted stolen funds from cyberattacks.
At least 20 entities in the country ended up paying ransom money in Bitcoin to get their networks freed.
Buyer's Guide. Log in. Sign up. Bose officially unveils its wireless Sport Open Earbuds. Dell built a range of monitors for video conferencing. Latest in Gear. Image credit: NurPhoto via Getty Images. Sponsored Links. Kraken is a U. The defendants initiated transfers of Karanjit Khatkar in turn transferred approximately The Khatkars also traveled to casinos.
Karanjit Khatkar gambled with tens of thousands of dollars while staying at high-end casinos in Las Vegas, Nevada. Jagroop Khatkar appeared voluntarily for his arraignment and change of plea on December 16, On December 16, , the Khatkars pleaded guilty to conspiring to commit wire fraud and money laundering. Harrington and Julia E. Jarrett, Assistant U. Attorneys for the District of Oregon.