U.S. Prosecutors in Texas have slapped 21 U.S. citizens with an assortment of criminal charges for allegedly helping various transnational criminal rings launder their ill-gotten gains using cryptocurrency.
The operation has “disrupted more than $300 million in annual money laundering transactions, seized and forfeited millions in cash and cryptocurrency, and identified thousands of victims,” according to a press release issued Wednesday.
Prosecutors say the 21 individuals caught in Operation Crypto Runner’s snare each played a key role in international scam and criminal operations, acting as domestic money launderers for their foreign co-conspirators.
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