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Home / News / U.S. Attorney announces first case of bitcoin used for money laundering in Western District

U.S. Attorney announces first case of bitcoin used for money laundering in Western District

BUFFALO --- Three men have been indicted in the first money laundering case in the Western District of New York involving the use of bitcoin digital currency. A federal grand jury has charged Richard Petix, 30, of Rochester, with operating an unlicensed money transmitting business and making material false statements, according to the office of U.S. ...