New York man charged with running illegal bitcoin ATMs in laundromats to help criminals launder money

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A New York City man allegedly completed $5.6 million in transactions in one year, charging customers fees of up to 25% to convert their cash to bitcoin, the Manhattan District Attorney’s office said.

A New York City man has been charged with allegedly running a network of illegal bitcoin ATMs in laundromats aimed at customers involved in criminal activities looking to anonymously launder money.

He justified the high fees to customers by stressing that his operation asked no questions and guaranteed anonymity, prosecutors said. Taylor was indicted on charges of operating an unlicensed money transmission business, criminal tax fraud and offering a false instrument for filing. A message left with Taylor’s attorney wasn’t immediately returned.

The only identifying information on Taylor’s kiosks was a Snapchat icon, which linked to an anonymous Snapchat account that was connected only to a pre-paid burner phone and an encrypted Proton email account, prosecutors said. The Snapchat channel told customers not to tell anyone about the location of the ATMs. “We need to stay hidden,” the company said. Snapchat did not respond immediately to a request for comment.

Source: Digital Coin News (digitalcoinnews.net)

 

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Its positives are much more than its negatives. It is only a way to fight Bitcoin. In the end, the US government is trying to influence it with its cinematic news, in order to reduce its value and the state stores it as many as possible because Bitcoin has proven itself.

Wash it 😂😂😂

In…………laundromats?

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