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The US Department of Justice announced on Tuesday accused two people linked to a system of depositing funds on crypto-encrypted stock exchanges.
In a statement, the US Attorney's Office in the Southern District of New York claimed that Reginald Fowler (Arizona) and Ravid Yosef, who would live in Tel Aviv (Israel), were part of a ploy to use accounts. banking to transfer money into a series of unnamed cryptocurrency exchanges.
Court documents issued by the Ministry of Justice allege that the alleged money services business was in operation from February to October 2018. During this period, prosecutors allege that "they opened and used many bank accounts from financial institutions insured by the government. [FDIC], "Of which one based in Manhattan.
Two of the bank accounts named in the hearing would be held under the name Global Trading Solutions LLC, one of HSBC Bank USA and HSBC Securities USA / Pershing LLC.
This company was previously identified as do business with Bitfinex crypto exchange, which is under investigation by the New York Attorney General's Office in a context that was revealed last week in public view last fall.
"Reginald Fowler and Ravid Yosef would have run a ghost bank that would have processed hundreds of millions of dollars of unregulated transactions on behalf of many cryptocurrency trades," US prosecutor Geoffrey Berman said in a statement. "Their organization would have circumvented the anti-money laundering safeguards imposed on accredited institutions that ensure that the US financial system is not used for criminal purposes, through lies and deceptions."
Fowler has been charged with bank fraud, conspiracy to commit bank fraud and unlicensed transfer of money (accompanied by a charge of conspiracy to exploit a unlicensed money transfer business), while Yosef, who has not yet been arrested ad, was similarly accused of bank fraud and conspiracy to do so.
The foregoing indictment is below:
we. v. Ravid Yosef and Reginald Fowler s1 19 Cr. 254 Expurgated 0 by CoinDesk on Scribd
Image of the statue of justice via Shutterstock
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