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Crypto ATM CEO Charged in $10 Million Money Laundering Scheme

Crypto ATM CEO Charged in $10 Million Money Laundering Scheme

Author:

Global Cryptocurrency

Published:

2025-11-19 13:45:02

19

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BTCCSquare news:

Federal prosecutors have indicted Firas Isa, founder of Chicago-based Crypto Dispensers, for allegedly orchestrating a multi-year money laundering operation through cryptocurrency ATMs. The scheme reportedly processed over $10 million tied to fraud and drug trafficking between 2018 and 2025.

The DOJ alleges Isa knowingly converted illicit cash deposits into crypto through his VIRTUAL Assets LLC network, obscuring fund origins via external wallets. The 36-year-old faces up to 20 years imprisonment if convicted, with a status hearing set for January 2026 before Judge Elaine Bucklo.

This case underscores growing regulatory scrutiny of cash-to-crypto onramps as potential vectors for financial crime. The indictment reveals how criminals allegedly exploited the ATM network's transactional opacity, converting dirty money into untraceable digital assets.

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