Miami Man Sentenced to 57 Months for Operating Illegal Crypto Exchange
A Miami man was sentenced to 57 months for running an unlicensed cryptocurrency exchange, having moved $5 million in transactions often linked to illegal activities. Raul Rodriguez, known as raultiovigia, has been sentenced to 57 months in federal prison for operating an unlicensed money transmitting business and dealing primarily with drug traffickers and launderers. From his Florida base, Rodriguez traded at least $5 million in digital currency transactions over a six-year period from 2016 through 2022. He ignored regulations from the Financial Crimes Enforcement Network (FEN), which require crypto exchanges to register as a money-transmission business. Rodriguez also received three years of supervised release and a roughly equal-dollar forfeiture money judgment totalling $5,047,462. The investigation was led by U.S. Attorney Markenzy Lapointe and IRS-CI Miami, FBI, and DEA.
प्रकाशित : एक महीने पहले द्वारा Carlos Mendez में Finance General
A Miami man has been slapped with a nearly five-year prison sentence for running a high-volume illegal cryptocurrency exchange. Raul Rodriguez, 44, better known in online circles as raultiovigia, was hit with 57 months in federal clink for operating an unlicensed money transmitting business and dealing primarily with shady characters like drug traffickers and launderers.
From his Florida base, Rodriguez swapped cold hard cash with Bitcoin and other digital currencies on the exchange platform LocalBitcoins.com, moving at least $5 million in digital currency transactions in the six-year period from 2016 through 2022. According to a Justice Department release, during the first two years of this exchange bonanza, he was the top dog in Florida's LocalBitcoins.com platform trading.
Rodriguez ignored clear regs from the Financial Crimes Enforcement Network that, since 2013, required crypto exchangers to sing up with Uncle Sam as a money transmitting business. His stint as an improvised financial guru has earned him an extra three years of supervised release and a roughly equal-dollar forfeiture money judgment as a cherry on top: $5,047,462.
Getting to the heart of the operation, Rodriguez was overseen by U.S. Attorney Markenzy Lapointe and IRS-CI bigwig Matthew D. Line announced the sentencing, while IRS-CI Miami, FBI, and DEA got their hands dirty with the investigation. Assistant U.S. Attorneys Christopher Browne dealt with the prosecution and Emily Stone swept the asset forfeiture into the corrals of justice.
Interested parties can sift through the related documents and other legalese found on the Southern District of Florida's court website, or tap into the case number 23-cr-20474 on the PACER system.
विषय: Crime, Cryptocurrency