Sentences with phrase «operating unlicensed money»

CoinDesk A Detroit resident was sentenced Monday to 366 days in jail for operating an unlicensed money services business involving bitcoin.

Vinnik was charged with operating an unlicensed money service business, conspiracy to commit money laundering, 17...

Even if the company is Poland is «legit» (in any sense), you'll be in trouble for operating an unlicensed money transfer service under U.S. Federal law.

The U.S. Department of Justice (DoJ) has filed a lawsuit against digital payment processor Payza for allegedly operating an unlicensed money service business that processed more than $ 250 million in transactions.

For instance, Liberty Reserve «s CTO was operating an unlicensed money transmitting business which processed more than $ 16 billion through the firm's digital currency system.

He is accused of selling bitcoin to an undercover agent who posed as a butane hash oil manufacturer, as well as operating an unlicensed money transmitting business.

Vladamir Kats pleaded guilty later in 2013 to money laundering and operating an unlicensed money transmitting business.

Yuri Lebedev and Trevor Gross stood trial on February 16, 2017, in Manhattan federal court on charges of conspiracy to operate an unlicensed money transmitting business and operating an unlicensed money transmitting business, stemming from their involvement with the unlicensed bitcoin exchange Coin.mx.

These counts include: Conspiracy to Operate an Unlicensed Money Transmitting Business, Conspiracy to Launder Monetary Instruments, Operation of an Unlicensed Money Transmitting Business, and Operation of an Unlicensed Money Transmission Business.

Prosecutors said Kassin operated an unlicensed money transmitting business in his home from mid-2007 through 2008.

Not exact matches

After leaving public service, though, he operated an unlicensed bank that laundered money for drug traffickers, which resulted in disbarment and a prison sentence.

The money transfer business was indicted for operating unlicensed, handling over $ 250 million in transactions.

107 DOS 98 Matter of DOS v. Sosis - subject matter jurisdiction; due process; failure to appear at hearing; proper business practices; deposits; fraudulent practice; DOS fails its burden of proof; DOS has subject matter jurisdiction if at the time the disciplinary proceeding was commenced by proper service of a notice of hearing and complaint the party was (i) licensed to engage in regulated real estate activities, or (ii) an applicant for either a license or for the renewal of a license to engage in regulated real estate activities, or (iii) eligible to automatically renew the prior license under the two - year limitation provision of RPL § 441 (2); ex parte hearing is permissible upon proof of proper notice of hearing; DOS has subject matter jurisdiction where party was licensed at the time proceeding was commenced and, where at time of hearing, although not licensed was eligible to automatically apply to renew pursuant to RPL § 441 (2); licensee operated a real estate brokerage business under an unlicensed name; licensee unlawfully retains deposit funds after deposit monies were delivered on the condition that same were to be disbursed only on the principal's consent and approval and said consent and approval was not given; licensee's illegal exercise of right of ownership over his principal's funds spawns conversion and constitutes a fraudulent practice; DOS fails its burden of proof to establish licensee failed to deposit trust funds in a segregated escrow account, engaged in fraud and changed business location without notice to DOS; restitution ordered in the amount of $ 1,900 plus interest, fine of $ 1,000 and any further application for licensure shall not be considered until applicant pays said fine and provides proof of payment of restitution