Financial Crime Weekly: Darknet Money Laundering, Crypto Scams, Invesco Pays $17.5M SEC Penalty

Man Sentenced To 12 ½ Years For Bitcoin Money Laundering On The Darknet 
Roman Sterlingov was sentenced last Friday to 12 years and six months in prison for his operation of the longest-running Bitcoin (CRYPTO: BTC) money laundering service on the darknet. 
Sterlingov was also ordered to pay a forfeiture money judgment in the amount of $395,563,025.39 and forfeiture of seized cryptocurrencies and monetary assets valued at approximately $1.76 million. Additionally, he was ordered to forfeit his interest in the Bitcoin Fog wallet, totaling approximately 1,345 bitcoin and currently valued at more than $103 million.
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According to court documents and evidence presented at trial, from 2011 through 2021, Sterlingov was involved in operating Bitcoin Fog, the darknet’s longest-running cryptocurrency “mixer.” Bitcoin Fog became known as a money laundering service for criminals and processed transactions involving over 1.2 million bitcoin, valued at approximately $400 million at the time the transactions occurred. 
“Roman Sterlingov ran the longest-running bitcoin money laundering service on the darknet, and today he paid the price,” said Deputy Attorney General Lisa Monaco. 
“In the deepest corners of the internet, he provided …Full story available on Benzinga.com

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