Anthony Murgio operated an unlawful internet-based Bitcoin exchange which violated federal anti-money laundering laws and regulations. He and his co-conspirators engaged in substantial efforts to evade detection by operating through a phony front company called \u201cCollectables Club.\u201d Coin.mx, the internet-based bitcoin exchange, was able to open bank accounts through \u201cCollectables Club\u201d and trick financial institutions into believing that the exchanges were a \u201cmembers-only\u201d association that bought and sold various items. This scheme is just another example of how the changing technologies are opening society and companies up to increasing security issues. Money laundering and other banking regulations loopholes are becoming harder to track and can go on undetected for a very long time until someone gets too greedy or makes an error or even potentially throughout a person\u2019s lifetime.<\/p>\n
https:\/\/www.justice.gov\/usao-sdny\/pr\/operator-unlawful-bitcoin-exchange-pleads-guilty-multimillion-dollar-money-laundering<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Anthony Murgio operated an unlawful internet-based Bitcoin exchange which violated federal anti-money laundering laws and regulations. He and his co-conspirators engaged in substantial efforts to evade detection by operating through a phony front company called \u201cCollectables Club.\u201d Coin.mx, the internet-based bitcoin exchange, was able to open bank accounts through \u201cCollectables Club\u201d and trick financial institutions … Continue reading Multimillion Dollar Money Laundering and Fraud Bitcoin Scheme<\/span><\/a><\/p>\n","protected":false},"author":1811,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-688","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":0,"qubely_featured_image_url":null,"qubely_author":{"display_name":"kmweber","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/kmweber\/"},"qubely_comment":0,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"Anthony Murgio operated an unlawful internet-based Bitcoin exchange which violated federal anti-money laundering laws and regulations. He and his co-conspirators engaged in substantial efforts to evade detection by operating through a phony front company called \u201cCollectables Club.\u201d Coin.mx, the internet-based bitcoin exchange, was able to open bank accounts through \u201cCollectables Club\u201d and trick financial institutions…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1811"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=688"}],"version-history":[{"count":1,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/688\/revisions"}],"predecessor-version":[{"id":689,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/688\/revisions\/689"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}