TagAnthony Murgio

Pastor Sentenced to Five Years for Aiding An Illegal Bitcoin Exchange

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Law

A New Jersey pastor has been sentenced to five years in prison after being found guilty of attempting to aid an illegal bitcoin exchange evade scrutiny from banks and regulators. Trevon Gross, 47, was sentenced on Monday by U.S. District Judge Alison Nathan in Manhattan, reports Reuters. He was also ordered to pay a $12,000 fine. The bitcoin exchange involved in the case was Coin.mx. Back in...

Bitcoin Exchange Operator Sentenced to 16 Months in Prison for Money Laundering

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A 39-year-old software engineer was arrested for his role in an illegal bitcoin exchange that was allegedly being used to launder funds for a global hacking ring responsible for high-profile attacks. The man, Yuri Lebedev, came to the U.S. from the Ukraine seeking the American dream, but was recently sentenced to 16 months in prison. Through the exchange, Coin.mx, Yuri Lebedev tricked banks into...

‘Illegal’ Bitcoin Exchange Operator Sentenced to 72 Months in Prison

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A federal judge sentenced Anthony Murgio of Florida to five and a half years in prison after he pleaded guilty to operating an illegal bitcoin exchange suspected of laundering money, according to Reuters. A hearing of forfeiture and restitution has been set for Sept. 1. Murgio, 33, pleaded guilty in January to bank fraud and operating an unlicensed money laundering business. The sentence imposed...

Bitcoin Exchange Coin.mx Criminal Case Sees Murgio Senior Evade Jail

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Michael Murgio, a former Palm Beach County School Board member who pleaded guilty in October to obstructing an examination of a credit union linked to an illegal bitcoin exchange, avoided jail when a judge sentenced him to a year of probation, 200 hours of community service and a $12,000 fine, according to Reuters. U.S. District Judge Alison Nathan said Murgio was far less culpable than others...

Murgio Pleads Guilty For Operating Illegal Bitcoin Exchange

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Anthony Murgio pleaded guilty yesterday to conspiring to operate an illicit bitcoin exchange, according to The Palm Beach Post. He will be sentenced in June. Murgio was accused of operating the bitcoin exchange, Coin.mx, that laundered cash for Internet criminals, including drug dealers, and facilitated extortion schemes. He was accused of operating an unlicensed money transfer business that used...

Prosecutors Charge Florida Man In Bitcoin Exchange Case Linked To JPMorgan Hacking Probe

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Bitcoin

A Florida man charged with conspiring to operate an unlicensed money transmitting business has been released on a $75,000 bond following an appearance in a Manhattan court, according to Reuters. Prosecutors say the man, Ricardo Hill, 38, is the latest individual facing charges in connection with an illegal bitcoin exchange called Coin.mx owned by an Israeli accused of hacking JPMorgan Chase &...

Bitcoin Exchange Coin.mx Founder’s Father Pleads Guilty to Obstruction

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Readers may recall CCN’s previous reporting on Coin.mx, a Florida-based bitcoin exchange which shut down amid charges of money laundering and connections to a JP Morgan Chase hack. The case even roused a Federal judge to rule on whether or not Bitcoin is money, and according to him, it is. Now Anthony Murgio’s father, Mike Murgio, has struck a deal with prosecutors in regards to his charge of...

Bitcoin is Money, Rules U.S. Judge in Coin.mx Case

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The criminal case that sees Anthony Murgio – a Florida man charged with operating an illegal (unlicensed) bitcoin exchange – saw the presiding US federal judge reject a bid from Murgio’s defense that bitcoin did not classify as “funds”, which would deem it exempt from applicable federal laws. U.S. District Judge Alison Nathan in Manhattan has rejected Anthony Murgio’s claim to dismiss two...

Police Arrest Suspect in Bitcoin Exchange Scheme

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Police arrested Michael Murgio in Palm Beach, Fla. for participating in a scheme to pay bribes to allow the Coin.mx bitcoin exchange gain control of a New Jersey credit union, according to Fortune. Prosecutors claim the scheme stole information on 100 million people. Murgio, 65, who serves on a Palm Beach County, Fla. school board, was indicted in a federal court in Manhattan. He was indicted...

Coin.mx Operator Anthony Murgio Pleads Not Guilty To Money Laundering

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money laundering cryptocurrency

Anthony Murgio, a Florida man charged with operating an illegal bitcoin exchange owned by the ringleader of a group of hackers that are accused of stealing millions of dollars from major banks, pleaded not guilty to money laundering in a Manhattan court room Tuesday, according to Bloomberg. Murgio also pleaded not guilty to running an illegal bitcoin exchange, wire fraud and conspiracy. U.S...

Coin.mx Operators also JP Morgan Chase Hackers?

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The New York Times reports that Anthony R. Murgio and Yuri Lebedev, along with three others, one of whom has been charged but not arrested, were most likely behind the JP Morgan hack that compromised over 70 million client records. The man who is still at large is named Joshua Aaron Samuel, and he is an American who splits his time between the US and Israel. The two from Israel who have been...