Crime on Crypto space isn't a surprise with scammers all over the Net and hackers trying to steal people's money, this case is the few ones that involves an owner of a crypto exchange accused and considered guilty for money laundering!

The Owner of Crypto exchange CoinFlux pleads guilty on a scheme of money laundering in Bitcoin worth almost $1,800.000. The scheme besides involvement of the Vlad-Calin (owner of CoinFlux) also include other 14 persons that together have participation on the multi millionaire scheme that defrauded U.S citizens.

​​​​All of them have been pleaded guilty and the session of hearing was conducted on Thursday in the Eastern District Court of Kentucky accordingly with DOJ (Department of Justice).

Accordingly to the Court decision, the owner of the CoinFlux exchange and partners on crime was selling goods that doesn't exist to US residents and carried accusations of racketeering conspiracy, and online fraud which caused loses to people in millions of dollars. 

The fraudulent work began in 2013 when collaborators from Vlad in a coordinated spread of fake news, using advertisements using anonymous IP's and account creations services with clear intention to defraud U.S nationals. The criminals connected US citizens and impersonate people over the phone intentionally to sell items before even the business to be available collecting Bitcoins fraudulently using their scam business.

 The CoinFlux exchange Owner was the one with the function to launder the funds generated from the scam, exchange Crypto into fiat and deposit the value in accounts using names of family members and other employees from his circle of trust. 

The scheme organisation was destroyed and the members of it arrested in 2018 (in Romania) then extradited to US to face his trial, that now pleads them Guilty and now awaiting sentence. 

​This group was so audacious to scam and launder the money in a clear move of organized crime scheme with intentions to steal money from US nationals with leaded them to be next to be jailed for life, and also leave this potential customers for their business to make research before investing money in something "to good to be true business", that most are scams!

​Stay alerted always, beware from scammers!

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*Find also the article on Uptrennd platform from my authorship.

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