Unlicensed crypto exchange operator faces 25 years for laundering $13m

Cointelegraph

Published Feb 02, 2021 12:13AM ET

Updated Feb 02, 2021 02:00AM ET

49-year-old peer-to-peer crypto trader, Hugo Sergio Mejia, has agreed to plead guilty to charges of money laundering and operating an unlicensed money transmitting business.

The U.S. Attorney’s Office accuses Mejia of using a suite of limited liability corporations to conceal the true nature of his operations while exchanging cash for Bitcoins over a period spanning more than two years.

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