Crypto ATM operating company and CEO charged in alleged $10 million money laundering scheme
The Block
The CEO and company behind Crypto Dispensers face charges for an alleged $10 million money laundering scheme involving illegal funds.Summary
Firas Isa, the 36-year-old CEO of Chicago-based Virtual Assets LLC, which operated under the name Crypto Dispensers, has been charged with money laundering conspiracy. Prosecutors allege that criminals sent $10 million derived from narcotic sales and wire fraud offenses to Crypto Dispensers or Isa. Isa is accused of converting these illicit proceeds into cryptocurrency and sending them to virtual wallets to obscure ownership. If convicted, Isa faces up to 20 years in prison. Both Isa and his company have pleaded not guilty to the charges.
(Source：The Block)