Federal prosecutors alleged that five Russian nationals laundered "millions of dollars" worth of cryptocurrency as part of a scheme to smuggle military technology and oil.
Yury Orekhov, Artem Uss, Svetlana Kuzurgasheva (also known as “Lana Neumann”), Timofey Telegin and Sergey Tulyakov are being charged with attempting to evade sanctions against Venezuelan oil producers and obtaining technology used in the U.S. F-22, an air superiority fighter. The defendants allegedly used shell companies and cryptocurrencies to launder the funds involved in this scheme, though a Department of Justice press release did not specify the amounts or types of cryptocurrency used.
An indictment published later in the day suggested the defendants looked to the tether stablecoin for a transaction.
Defendants Orekhov and Uss were arrested on Monday, according to the press release. The charges were brought by Task Force KleptoCapture, a DOJ initiative focused on sanctions and economic countermeasures focused...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...