🇺🇸 Founder of Crypto Dispensers faces 20 years for fraud and money laundering involving cryptocurrencies
US authorities announced the indictment of fraud and money laundering against Firas Issa, founder of Virtual Assets LLC and operator of cryptocurrency ATMs, after uncovering his involvement in transferring funds obtained from illegal activities, including contraband, exceeding $10 million.
The US Department of Justice stated that Issa was managing Crypto Dispensers, which specializes in converting cash into cryptocurrencies, where he was transferring money to virtual wallets to conceal the true source and ownership of the funds.
Despite denying the allegations, his sentence could reach 20 years in prison, as part of escalating efforts to combat financial crimes related to cryptocurrencies.
Reports indicate that cryptocurrency ATMs, despite their legitimacy, are sometimes exploited by fraudsters, prompting some states to impose strict oversight or a complete ban on these machines.
#CryptoCrime #VirtualAssets #aml #BitcoinATM #usa
