Odaily Planet Daily News: The U.S. Department of Justice announced that on November 22, 2024, a man in Lancaster, Massachusetts was found guilty after a five-day jury trial for participating in an unlicensed money transfer business, which allowed an individual suspected of being involved in the illegal sale of counterfeit goods to exchange cash for Bitcoin. 36-year-old Alan Joseph was convicted of one count of operating an unlicensed money transfer business and three counts of money laundering. U.S. District Court Judge Margaret R. Guzman is scheduled to impose sentencing on February 24, 2025. Joseph was indicted and arrested in February 2021 and was subsequently indicted by a federal grand jury in March 2021. 'Criminals relied on the money laundering operations run by Alan Joseph to conceal their profits, aiding criminal enterprises in evading detection, increasing profit margins, and avoiding tax obligations,' said Michael J. Krol, a special agent with the New England Homeland Security Investigations.
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A man was convicted of money laundering and operating an unlicensed money transfer business for assisting criminals in exchanging cash for Bitcoin.
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