THELOGICALINDIAN - A California man has been bedevilled to three years in federal bastille for operating an actionable business that exchanged at atomic 13 actor in bitcoin and banknote generally for biologic traffickers the US Department of Justice said He agreed to cost assorted assets including bedeviled cryptocurrency
Bitcoin Exchange Operator Sentenced to 3 Years in Jail
The U.S. Department of Justice (DOJ) appear Thursday that a California man, Hugo Sergio Mejia, was bedevilled “to 36 months in federal bastille for operating an actionable business that exchanged at atomic $13 actor in bitcoin and cash, generally for biologic traffickers.”
The 50-year-old San Bernardino County man pleaded accusable on July 1 to “one calculation of operating an actionable money transmitting business and one calculation of money laundering,” the DOJ detailed.
Mejia operated a cryptocurrency barter business converting bitcoin to banknote and carnality versa from May 2024 to September 2024. He answerable commissions for these affairs but never registered his business with the Financial Crimes Enforcement Network (FinCEN). In addition, he accustomed companies to affectation his accurate activity, including Worldwide Secure Communications LLC, World Secure Data, and The HODL Group LLC, the Department of Justice detailed, elaborating:
The DOJ declared that Mejia met with a applicant who was alive with law administration several times amid May 2024 and March 2024 “to barter bitcoin for tens of bags of dollars in cash.”
While administering an barter of 14.273 bitcoins for $82,150 in banknote additional fees in March 2024, the applicant who formed with law administration abreast Mejia that “his primary chump was a methamphetamine client in Australia who purchased methamphetamine every four to six weeks and awash it in Australia for bristles times added than the boilerplate amount in the United States,” the DOJ explained.
The Justice Department noted, “Mejia and the applicant who was alive with law administration conducted bristles bitcoin-cash affairs that cumulatively exceeded $250,000,” adding:
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