A major player in the crypto ATM world is at a crossroads. Crypto Dispensers, based in Chicago, is thinking about selling the company for up to $100 million. This comes at a tough time, as the company's CEO is facing serious money laundering charges. The company recently said it's looking into its options, including a possible sale. They've moved away from physical ...
A crypto ATM company is thinking about selling itself for a huge amount of money. This comes right after the company and its boss were accused of laundering money. The company, called Crypto Dispensers, is based in Chicago. It lets people buy and send Bitcoin and other cryptocurrencies through their ATMs. The U. S. Department of Justice says the company and its CEO,...
The UK's crackdown on money laundering linked to Russia is making waves. Over 128 people have been arrested, and authorities have seized $32. 6 million in cash and crypto. This is all part of Operation Destabilise, which started making headlines in 2024. The operation has uncovered some shocking details. Launderers have been active in at least 28 UK towns and cities...
A Georgia resident, Olanrewaju B. Adeosun, was taken into custody in New York. He is accused of laundering almost $1 million from a business in Bergen County. This happened after a wire transfer scam was reported to the prosecutor's office in July 2024. The investigation, which lasted over a year, uncovered a complex web of financial transactions. The stolen money w...
In a recent crackdown, authorities in New Jersey have exposed a large-scale illegal sports betting operation with ties to organized crime. The investigation, led by the New Jersey State Police and the Division of Criminal Justice, has resulted in charges against 14 individuals, including members of the Lucchese crime family. At the center of this operation is Joseph...
Brazil is stepping up its game in the crypto world. The central bank has just rolled out new rules for trading virtual assets, including cryptocurrencies. These rules aim to tackle money laundering and terrorism financing, extending existing regulations to virtual-asset service providers. Crypto has been booming in Brazil, and the central bank is taking notice. Gove...
Turkey is in the spotlight again as the Financial Action Task Force (FATF) plans to visit the country this month. This visit comes after Turkey was removed from the FATF's "grey list" last year for making progress in combating money laundering and terrorist financing. However, the country must prove it is still meeting its commitments or risk being put back on the li...
A big shake-up happened in the crypto world. The boss of Samourai Wallet, Keonne Rodriguez, got a five-year prison sentence. Why? He ran a service that mixed up Bitcoin to hide where the money came from. Prosecutors say this service laundered a huge amount of money—over $237 million. Rodriguez and his partner, William Lonergan Hill, were arrested last year. They wer...
A man from Santa Monica recently faced serious consequences for running an illegal sports betting operation. Christopher King was ordered to spend nearly two years behind bars. He also had to give up $10 million and pay back $3. 8 million in taxes he avoided paying. King admitted to several crimes. These included cheating on his taxes, running an illegal gambling bu...
Changpeng Zhao, the mastermind behind Binance, the world's largest cryptocurrency exchange, just got a big break. The former president, Donald Trump, decided to pardon him. Zhao had been serving time for not doing enough to stop criminals from using his platform for illegal activities like child sex abuse, drug trafficking, and terrorism. Zhao, known as CZ in the cr...