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The FBI has taken action against 6 individuals for their involvement in a crypto business responsible for laundering over $30 million.
4 months ago 1 min read

FBI Cracks Down on $30 Million Crypto Money Laundering Operation in New York

The FBI has taken action against six individuals for their alleged involvement in an unlicensed crypto money-transmitting business responsible for laundering over $30 million. These charges come after a criminal complaint was filed in the Southern District of New York, naming Shaileshkumar Goyani, Brijeshkumar Patel, Hirenkumar Patel, Naineshkumar Patel, Nileshkumar Patel, and Raju Patel as the primary suspects. Their alleged conspiracy revolved around the illegal transmission of money through an informal value transfer network. The group’s activities primarily involved exchanging cryptocurrencies for cash, subsequently shipping the physical currency via the United States Postal Service (USPS). Crucially, they lacked the requisite