Based on AiCoin, the U.S. Attorney’s Office for the Northern District of Illinois announced that crypto ATM operator Virtual Assets LLC and its CEO Firas Isa have been charged with money laundering. Prosecutors allege that Isa and the company assisted criminals in laundering at least $10 million through cryptocurrency, with funds deposited into company accounts, converted to crypto, and transferred to digital wallets. If convicted, Isa could face up to 20 years in prison. Both Isa and the company have pleaded not guilty to the charges.
Crypto ATM Operator Virtual Assets and CEO Charged with Money Laundering $10M
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