Russian citizen involved in money laundering through cryptocurrency operation sentenced to 12 months in prison

From Cointelegraph

July 13, 2024 11:57:11 pm:

Russian citizen, Aleksandr Pertsev, sentenced to 12 months in prison for money laundering. The conviction comes after Pertsev’s involvement in laundering around $15.5 million through a cryptocurrency operation.

Pertsev’s defense team plans to appeal the verdict while he serves his prison sentence. The case highlights the risks associated with using cryptocurrencies for illegal activities, as law enforcement agencies work to crack down on money laundering schemes.

Authorities discovered Pertsev’s involvement in the money laundering operation through an investigation into suspicious cryptocurrency transactions. The conviction serves as a warning to others involved in similar activities, demonstrating the consequences of illegal financial practices in the digital asset space.

Read more at Cointelegraph: Tornado Cash developer Alexey Pertsev denied bail while awaiting appeal