FBI Reveals Illegal Crypto Business Networks

The FBI has arrested perpetrators of crypto money laundering. (Photo; Doc. KriptoAkademia)

JAKARTA - The FBI has filed a demand for six people suspected of running a crypto money sending business without permission, who was laundering money worth more than 30 million US dollars (IDR 478 billion).

According to criminal complaints submitted in the southern district of New York, Shaileshkumar Goyani, Brijeshkumar Patel, Hirenkumar Patel, Naineshkumar Patel, Nileshkumar Patel, and Raju Patel allegedly conspiring to send money illegally through informal value transfer networks.

This group allegedly exchanged crypto with cash and sending cash through USPS without having a state license needed or federal registration.

The prosecutor stated that the men sent the funds they know from criminal activities or intended to support activities that violate the law.

This network was revealed after the FBI arrested a secret informant who had packed and sent cash on behalf of the group for 18 months. The informant was then a participation in around 80 controlled cash with a total of 15 million US dollars (IDR 239 billion) as part of the cooperation agreement.

According to the complaint, a defendant claimed to have produced 30 million US dollars (IDR 478 billion) by exchanging cash with crypto for three years. He allegedly told the agent disguised that his richest client was a hacker and some of them made money by selling drugs.