The post Fintech Owner charged for Helping Drug Traffickers with Crypto Accounts! appeared first on Coinpedia Fintech News
Caio Marchesani, the owner of a financial technology company in London, is facing charges of aiding a criminal gang in laundering hundreds of millions of euros through a cryptocurrency exchange platform. According to prosecutors, Marchesani supported transforming large amounts of cash into cryptocurrency accounts for drug traffickers to conceal the origin of the funds. The scale of the alleged operation is a rarity for European prosecutors, who are increasingly targeting the use of cryptocurrencies for money laundering activities. Marchesani has not yet commented on the charges.
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