Californian Man Faces Possible Life Imprisonment for Illegal Crypto Exchange
Join Our Telegram channel to stay up to date on breaking news coverage Kunal Kalra, a 25-year-old man from Los Angeles, California, has pleaded guilty to pushing drugs online and running a cryptocurrency money laundering scheme. According to an announcement from the United States Department of Justice (DOJ), Kalra, who also went by the names “Kumar,” “shecklemayne” and “coinman,” has been charged in relation to his money-laundering operation and selling methamphetamines. He already pleaded guilty, and his procession is already ongoing. Authorities believe that between 2015 and 2017, Kalra conducted exchanges from Bitcoin to U.S. dollars, ran a Bitcoin Automated Teller Machine (ATM) and made deals with several drug dealers and criminals as well. Per the report, his cryptocurrency exchanges amounted to $25 million, and he continued to operate without getting a license or filing as an anti-money laundering program. His crypto exchange operation as done majorly on the behalves...