The Manhattan district attorney announced Thursday that the office charged a former party organizer with laundering $2.7 million in BTC 0.86%-news/">Bitcoin and cash to help multiple clients hide money they allegedly earned from illicit activities.
Manhattan prosecutors said in a statement that between January 2018 and August 2021, Thomas Spieker, 42, converted more than $2.3 million into Bitcoin and more than $380,000 separately through a rotating group of associates of Bitcoins into US dollars.
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The accomplices opened bank and cryptocurrency exchange accounts so they could launder the proceeds of crime.
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