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California man jailed for two years for bitcoin laundering



Letizia: Good morning, today is Saturday May 29th. I am Lord and this is what we are following for you for the highlights. Many people across the country or go on their regular long weekend trips for the first time in more than a year. AAA estimates that more than 37 million people will travel this weekend. half of the US population At least partially vaccinated, 10 states have already met the White House’s target of partial vaccination for at least 70% of their residents. NBC NEWS BAY AREA is reporting that the San Jose shooting suspect, SAMUEL CASSIDY, faced what was known as the early morning hearing of the attack. They said Cassidy was under investigation for allegations of racism against colleagues. How thorough consideration is ̵

2; what employers must give their employees in the event of layoffs, suspensions, reductions or wage reductions. Chalk boards will be set up throughout the city to honor the San Jose victims. The San Jose expression is inviting everyone to enjoy prayer throughout the week. Chalk boards will be placed around town, where everyone can write their wishes to promote Solaroy’s rendezvous and support for those affected by the San Jose tragedy. Stopped by one of the chalk boards at the OAK PARK Farmers Market on Fifth Street today. LINH: It’s sunny today. Temperatures in the mid-60s at 9 a.m. and lunchtime are 80 degrees, and warm up to 89 degrees at 5 p.m. Our average for this time of year is 84, so values ​​are higher than the average during this time of year. This time of year, dropping to the lower 70 by 9:00 AM, here’s a look at your seven-day FORCAT. Get ready for 3 digit heat tomorrow 100 tomorrow memory day 10 foul

California man jailed for two years for bitcoin laundering

A Southern California man pleaded guilty to illegally using a vending machine where customers could buy Bitcoin with cash or sell Bitcoin in exchange for cash. Sentenced to two years in federal prison, 37-year-old Kais Mohammad of Yorba Linda was serving his sentence in the United States. District Court in Santa Ana on Friday, according to Orange County Register Mohammad, pleaded guilty last year to operating an unlicensed virtual currency and money laundering between $15 million and $25 million in Bitcoin and cash over five periods. A year ago, federal prosecutor Herocoin said U.S. spokesman Ciaran McEvoy revealed that the company opened a vending machine in a department store. gas station and convenience stores throughout Southern California. The exchange is paid through machines. Mohammad also knows that some of his clients’ funds come from illegal activities. prosecutor’s office Former bank employee Mohammad knew he had to register his company with the US Treasury Department’s Financial Crimes Enforcement Network. He wants to maintain an effective anti-money laundering program. And he needs to report on various virtual currency exchanges. But chose not to, McEvoy said. He eventually registered the company after he was contacted by FinCEN, but it failed to conduct due diligence and suspicious customer reports, McEvoy said. Under the agreement, Mohammad confiscated the cabinet. 17 cabinets and unspecified amount of cash and cryptocurrencies Officials said last year

A Southern California man pleaded guilty to illegally using a vending machine where customers could buy Bitcoin with cash or sell Bitcoin in exchange for cash. Sentenced to two years in federal prison.

Kais Mohammad, 37, of Yorba Linda, was sentenced at the U.S. District Court in Santa Ana on Friday, according to the Orange County Register.

Mohammad pleaded guilty last year to operating an unlicensed virtual currency business and laundering between $15 million and $25 million in Bitcoin and cash over a five-year period through Herocoin, federal prosecutors said.

The company opened a vending machine at the department store. gas station and convenience stores throughout Southern California. by exchanging goods through machines

Mohammad also knew some of the client funds came from illegal activities, said U.S. Attorney General Ciaran McEvoy.

Former bank employee Mohammad knew he had to register his company with the US Treasury Department’s Financial Crimes Enforcement Network. He wants to maintain an effective anti-money laundering program. And he is required to report the various virtual currency exchanges. but did not choose, McEvoy said.

He eventually registered the company after he was contacted by FinCEN, but it failed to perform due diligence and suspicious customer reports, McEvoy said.

As part of the plea deal, Mohammad confiscated 17 kiosks and unspecified amounts of cash and cryptocurrencies. Officials said last year


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