{"id":96828,"date":"2024-10-18T03:12:11","date_gmt":"2024-10-18T07:12:11","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=96828"},"modified":"2024-10-18T03:12:16","modified_gmt":"2024-10-18T07:12:16","slug":"man-faces-20-year-for-crypto-money-laundering","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/man-faces-20-year-for-crypto-money-laundering\/","title":{"rendered":"Man Faces 20-Year Sentence for Crypto Money Laundering Scheme"},"content":{"rendered":"\n

Matias Alexander Vinces Aguayo, 24, from Gastonia, N.C., was indicted for alleged money laundering of over $380,000 in a wire fraud scheme through payment processors and cryptocurrency exchanges<\/a>.<\/p>\n\n\n\n

\"Man
Man Faces 20-Year Sentence for Crypto Money Laundering Scheme<\/figcaption><\/figure>\n\n\n\n

According to the Department of Justice, a man from North Carolina has been indicted for allegedly laundering over $380,000 in a wire fraud scheme.<\/p>\n\n\n\n

The suspect is accused of transmitting over $240,000 to crypto addresses by transferring illicit funds through payment platforms<\/a> and cryptocurrency exchanges. The potential penalties for the money laundering conspiracy charge include a 20-year prison sentence and substantial fines.<\/p>\n\n\n\n

Gastonia Man Indicted for Laundering Over $380K Through Crypto<\/h2>\n\n\n\n

Matias The U.S. Department of Justice (DOJ) announced on Wednesday that Alexander Vinces Aguayo, 24, of Gastonia, N.C., was indicted for allegedly laundering over $380,000 in a wire fraud scheme.<\/p>\n\n\n\n

The federal indictment alleges that Aguayo collaborated with others to transfer the illicit funds through various financial channels, such as cryptocurrency exchanges and payment processing services.<\/p>\n\n\n\n

According to the indictment, keys ‘N Go, a company that utilized payment platforms such as Stripe and Square, was operated by Aguayo.<\/p>\n\n\n\n

Additionally, he is purported to have owned and managed personal and business bank accounts, including one under the name Keys ‘N Go and a cryptocurrency exchange account at Binance.<\/p>\n\n\n\n

U.S. Co-conspirators are accused of establishing bank accounts with stolen personal information, depositing fraudulent funds into these accounts, and sending Aguayo the account details. The Department of Justice\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> provided particulars:<\/p>\n\n\n\n

\n

In total, Aguayo allegedly transferred at least $240,000 to cryptocurrency addresses and via wire transfers.<\/em><\/p>\n<\/blockquote>\n\n\n\n

The indictment also alleges that Aguayo retained some of the deposited funds as compensation for his involvement in the scheme.<\/p>\n\n\n\n

Although he has not yet been convicted, the Justice Department clarified:<\/p>\n\n\n\n

\n

The money laundering conspiracy charge carries a maximum sentence of 20 years in prison and a $500,000 fine or twice the value of the property involved in the transaction.<\/em><\/p>\n<\/blockquote>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Matias Alexander Vinces Aguayo, 24, from Gastonia, N.C., was indicted for alleged money laundering of over $380,000 in a wire fraud scheme through payment processors and cryptocurrency exchanges. According to the Department of Justice, a man from North Carolina has been indicted for allegedly laundering over $380,000 in a wire fraud scheme. The suspect is […]<\/p>\n","protected":false},"author":36,"featured_media":96830,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-96828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/10\/1701957549-guilty.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/96828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=96828"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/96828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/96830"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=96828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=96828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=96828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}