According to ME News, on April 29 (UTC+8), the U.S. Attorney’s Office for the Southern District of New York announced that French national Maximilien de Hoop Cartier has been sentenced to eight years in prison for operating an unregistered over-the-counter cryptocurrency business and participating in a bank fraud conspiracy, laundering over $470 million through a network of shell companies. Since 2018, he used multiple U.S. bank accounts and falsified business records to convert illicit proceeds, in the form of cryptocurrency, into fiat currency and transfer them to overseas criminal networks. (Source: MLion)
French national sentenced to 8 years for laundering $470 million through crypto OTC operations
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On April 29 (UTC+8), the U.S. Attorney’s Office for the Southern District of New York announced that French national Maximilien de Hoop Cartier was sentenced to eight years in prison for operating an unregistered cryptocurrency OTC business and committing bank fraud. Since 2018, he used a network of shell companies to launder over $470 million through U.S. bank accounts, falsifying records to convert illicit funds into fiat currency and transfer them to overseas criminal networks. The case underscores ongoing enforcement efforts in the cryptocurrency sector, as regulators continue to target complex financial schemes linked to digital assets and enhance network initiatives to improve transparency.
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