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Authorities in New York arrested a Cryptocurrency’s founder charged with smuggling more than $ 500 million from Russian banks to the United States.
Ministry of Justice Specified on June 9 that the money was used to help Russian clients buy limited US technologyviolating American sanctions.
Man, Iurii gugnin,, Allegedly led this scheme through his company, Evita Paybetween June 2023 and January 2025. Prosecutors said he used stabibeloin transactions to process transfers with hiding Russian origin of funds.
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Banks included, Sberbank, VTB, SovCombank and Tinkoff, are all under US sanctions and businesses with US institutions are forbidden.
Guglin faces 22 criminal charges, including wire fraud, bank fraud, money laundering and running out of unlucky money transfer operations. If convicted, Penalties for each charge range from 10 to 30 years in prison.
Investigators said Gugnin seduced US Bank Hiding the Russian Evit Pay bonds and submitting false paperwork when registering a company in Florida. He is also charged with faking invoices to hide the identity of his clients and neglect the legal requirements of the money laundering program.
According to court documents, Gugnin conducted internet searches, including “whether I was explored”, “signs you may have under a criminal investigation” and questions about what to do if one thinks the authorities are watching them.
Assistant Prosecutor John A. Eisenberg said Gugnin’s actions helped sanction Russian banks to get access to limited American financial systems and technology.
Meanwhile, US agencies have recently seized 145 domains and a crypto currency related to Binencash. Why? Read the whole story.
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