US: OWNER OF NOW-DEFUNCT ROMANIAN CRYPTO EXCHANGE COINFLUX HAS PLEADED GUILTY TO LAUNDERING ROUGHLY $1.8 MILLION

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

https://www.justice.gov/opa/pr/fifteen-defendants-plead-guilty-racketeering-conspiracy-international-cyber-fraud-scheme

https://coinjournal.net/news/15-defendants-plead-guilty-to-fraud-and-money-laundering-techniques-that-used-bitcoin

 

If you would like to say thanks by making a small contribution, in case I need to upgrade or replace my computers and other paraphernalia, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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