The founder of the Russian encryption accused the washing of $ 530 million in the United States

The founder of encryption was arrested in New York for allegedly using the Evita Pay, to transfer about $ 530 million to the United States from Russian banks that were approved to help the Russians reach very sensitive American technology.

Iurii Gugenin displays an indictment from 22 years old and will face fraud in wires and banks, money laundering and operation of unlicensed money transfer work, among other things, the US Department of Justice He said on monday.

If convicted, gogin can spend life behind bars. It is the latest case that includes the use of Crypto to try to overcome sanctions and washing boxes.

The Ministry of Justice claims that GGNIN runs a sprawling surfing scheme from money laundering from June 2023 to January 2025, as it has tackled Stablecoin Tether (USDT) transactions on behalf of Russian customers associated with banks listed in the blacklist like Serbank, VTB, Sovcombank and Tinkoff.

According to John A. Eisenberg, Assistant Prosecutor of National Security, around Gogin, his encryption company to a “secret pipeline for dirty money”, moves about $ 530 million through the American financial system for help

“The Ministry of Justice will not hesitate to provide justice to those who offer our national security by enabling our foreign opponents to avoid sanctions and export controls.”

The Ministry of Justice said that Goginnine lied to American banks about the Russian relations of Evita, and the processed bills to hide the customer’s identities and ignore the anti -money laundering rules despite the registration of Evita’s wages as money transported in Florida using wrong data.

Cointelegraph has arrived at Evita Pay for the suspension, but she did not receive an immediate response.

The encryption founder is suspected of being under investigation

It is claimed that GGNIN conducted online inspections such as: “Have the investigation” and “signs that may be under criminal investigation”, according to the Ministry of Justice, which claims that these searches indicate awareness that he was breaking the law.

Related to: Tether usdt stablecoin was seen on the signs of the Bolivian store price

“What are the best ways to see if you are investigated and what someone can do when they think it may be under investigation,” he claims that Gogin is searching the web.

Gugenin faces life for life

Gugenin faces prison for up to 30 years for each of the bank fraud, and a maximum of 20 years for each wire fraud, and up to 10 years for failing to implement an effective program to combat money laundering and not submit suspicious activity reports.

The encryption founder can get imprisonment for up to five years due to conspiracy to defraud the United States.

magazine: Baby Boomers has a value of $ 79 million in bitcoin