TagYuri Lebedev

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...

Coder and a Pastor Face 20 Years in Bitcoin Exchange Coin.Mx Scandal

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Lawyers Digital Currency Coalition

New Jersey pastor Trevon Gross and coder Yuri Lebedev have been convicted and face 20 years in prison for their roles in Coin.Mx, an illegal bitcoin exchange. The two allegedly helped launder bitcoins used in darknet purchases and ransomware scams by disguising them as legitimate cash transactions. Lebedev, Anthony Murgio and co-conspirators allowed coin.mx customers to exchange cash for bitcoins...

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...

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...