{"id":157994,"date":"2025-05-24T13:00:05","date_gmt":"2025-05-24T10:00:05","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=157994"},"modified":"2025-05-23T16:58:01","modified_gmt":"2025-05-23T13:58:01","slug":"man-sentenced-for-using-fake-business-to-run-underground-bitcoin-exchange","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/man-sentenced-for-using-fake-business-to-run-underground-bitcoin-exchange\/","title":{"rendered":"Man Sentenced for Using Fake Business to Run Underground Bitcoin Exchange"},"content":{"rendered":"

Trung Nguyen, who operated out of Danvers, ran a cash-to-Bitcoin conversion service from 2017 to 2020 without registering with U.S. financial regulators. To mask the operation, he created a front called National Vending, fabricating business records and avoiding any mention of cryptocurrency in formal communications.<\/p>\n

According<\/a><\/strong> to prosecutors, Nguyen\u2019s clients included scam victims and a drug dealer who laundered $250,000 through him. He failed to report large cash transactions or file the required compliance documents with the Financial Crimes Enforcement Network (FinCEN).<\/p>\n