Money Laundering

Money Laundering

‘The Largest Financial Seizure Ever’ – DoJ Recovers Billions In Bitcoin From 2016 Bitfinex Hack, Couple Arrested

Ilya Lichtenstein and his wife, Heather Morgan, were arrested in Manhattan on Tuesday morning and face federal charges of conspiracy to commit money laundering and conspiracy to defraud the United States. “Today’s arrests, and the Department’s largest financial seizure ever, show that cryptocurrency is ...Read More

Morgan Stanley Took Millions from Venezuelan Businessman Accused of Money Laundering

Morgan Stanley, Interactive Brokers, and other financial advisory firms are being investigated by U.S. authorities for managing roughly $100 million belonging to Venezuelan businessman Luis Mariano Rodriguez Cabello, The Wall Street Journal reported. Rodriguez, the cousin of former Venezuelan oil minister and ambassador to the United Nations Rafael ...Read More

Feds arrest founder of bitcoin ‘mixer’ they say laundered $335 million over ten years

The Department of Justice said it has arrested a Russian-Swedish national who allegedly operated a long-running cryptocurrency laundering site. According to a news release from the DOJ, Roman Sterlingov ran Bitcoin Fog, a cryptocurrency tumbler or “mixer”— which hides a cryptocurrency’s source by mixing it with ...Read More