Reading time: ~2 m
North Carolina resident Jayton Gill pleaded guilty to conducting unlicensed cash exchange activities for BTC and XRM, as well as tax evasion.
According to a press release on the website of the US Department of Justice, from 2015 to February 2021, Jayton Gill (Jayton Gill) was engaged in the exchange of cash for cryptocurrencies, conducting more than 4,200 illegal operations with 2,700 customers. Jill conducted monetary transactions in person and through the U.S. Postal Service. He advertised his illegal business on various websites and deliberately evaded taxes despite earning significant revenue.
Yesterday, July 12, Jill appeared before U.S. Justice of the Peace David C. Keesler. He faced a maximum sentence of five years in prison and a fine of $250,000. The maximum penalty for intentionally failing to file a tax return is one year in prison and a fine of $100,000. However, given that the offender pleaded guilty to all of the above charges, he was released on bail.
Earlier, the US Department of Justice called on law enforcement agencies of all countries to unite to combat cryptocurrency crimes, as well as to develop standards to combat money laundering. According to the agency, this will reduce the cases of cryptocurrency fraud, phishing attacks and terrorist financing.
Recall that recently the founder of crypto-daily.news Ivan Tikhonov spoke about the secure exchange of cryptocurrencies and urged users to exercise extreme caution, since there are many intruders on the market.
#citizen #pleaded #guilty #organizing #illegal #cryptocurrency #exchanger
