Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: mlawson71 on September 12, 2019, 06:10:04 PM
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US prosecutors accused a 25 year old man for running a crypto exchange that converted some 25 million USD from fiat to crypto currencies and vice versa.
According to the prosecutors Kunal Kalra known as “Kumar,” facilitated money laundering of funds obtained by illegal activities, including from trade of illegal drugs on the dark net.
Kalra was charged with four counts of criminal information, including for running a unlicensed money transmitting business.
According to the court files Kalra operated a virtual currency exchange in the US without obtaining any permission from the authorities in the period between May 2015 to October 2017, accepting only big orders, where clients paid fees of at least 5000 USD.
US Department of Justice also accuses Kalra of collaborating with dark net drug dealers, for whom he delivered a special money laundering service.
Source (https://theforexreview.com/2019/08/26/us-prosecutors-indicted-a-man-for-running-25-mln-crypto-exchange/)
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Please post news that are up to date. The article is already two weeks old at the time of your posting. Sorry if this may offend you but I think this section should be for the latest happenings in crypto. Thank you.