On 12 June, Coin Telegraph reported that the owner of CoinFlux has pled guilty to laundering roughly $1.8 million in a fraudulent scheme involving fake eBay ads and a car wash in Bucharest. Vlad-Calin Nistor and 14 other defendants, including the owner of a car wash, have all entered guilty pleas in Kentucky for their involvement in a racketeering conspiracy and cyber fraud scheme that defrauded millions of dollars from US residents by selling goods that didn’t actually exist. They even set up a fake call centre to assuage any concerns victims had about the advertisements.
https://www.coindesk.com/crypto-exchange-owner-online-auction-fraud
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