Trung Nguyen was sentenced to six years in prison for managing an unlicensed money-transmitting business known as National Vending. He was also ordered to forfeit 1.5 million USD.
Nguyen’s operations occurred from September 2017 to October 2020, where he evaded authorities through methods learned in an online course, avoiding registration with the Treasury.
Nguyen was apprehended during undercover operations where he accepted cash payments in exchange for Bitcoin. He faced charges of operating without a license and money laundering.
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