"Money laundering is the lifeblood of a wide swath of criminal conduct," Levy said in a statement. His comments indicate the severity of laundered funds in supporting illegitimate activities.
Levy emphasized that criminals erroneously view Bitcoin technology as a new way to anonymously clean dirty money, stating, "This belief is unfounded." His remarks highlight the ongoing misperception about blockchain's security among wrongdoers.
Michael J. Krol stated, "Nguyen deliberately set up his money service business to evade banking regulations... proved that Nguyen knew he was working with criminals." This shows the awareness and intent behind Nguyen's operations.
Nguyen's business, National Vending LLC, served as a front for laundering funds, allowing criminals to convert large amounts of cash into Bitcoin, obscuring the origins of their illegal income.
Collection
[
|
...
]