#CryptoFraud
Crypto Founder Arrested for Laundering $500 Million for Sanctioned Russian Banks.
Iurii Gugnin, founder of Evita Investments Inc. and Evita Pay Inc., was arrested for laundering over $500 million through U.S. financial systems to aid sanctioned Russian banks. The scheme involved facilitating transactions for Russian customers to acquire U.S. technology and nuclear materials while evading sanctions
Federal prosecutors have charged a New York-based crypto company founder with laundering more than $500 million through the U.S. financial system while helping sanctioned Russian banks circumvent international restrictions.
Iurii Gugnin, 38, a Russian citizen and founder of crypto payment companies Evita Investments Inc. and Evita Pay Inc., was arrested Monday on a 22-count indictment alleging he turned his businesses into what prosecutors called "a covert pipeline for dirty money."