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Feds Charge Crypto Founder With Evading U.S. Sanctions, Laundering $500M

Evita Pay founder Iurii Gugnin is accused of turning his crypto firms into a "covert pipeline" for sanctioned Russian entities.

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."

Feds Charge Crypto Founder With Evading U.S. Sanctions, Laundering $500M

Evita Pay founder Iurii Gugnin is accused of turning his crypto firms into a "covert pipeline" for sanctioned Russian entities.

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."

https://decrypt.co/324391/feds-charge-crypto-founder-with-evading-u-s-sanctions-laundering-500m