PANews|Nov 19, 2025 00:25
[Chicago Cryptocurrency Company Founder Charged with $10 Million Money Laundering Conspiracy]
According to an announcement from the U.S. Attorney's Office for the Northern District of Illinois, Firas Isa, founder of Chicago-based virtual asset company Virtual Assets LLC (operator of Crypto Dispensers), has been indicted by a federal grand jury. He is accused, along with co-conspirators, of using cryptocurrency ATMs to convert and transfer at least $10 million in proceeds from wire fraud and drug-related crimes into virtual wallets to conceal the source of the funds. Isa and the company have both been charged with one count of conspiracy to commit money laundering, which carries a maximum sentence of 20 years in prison. Both have pleaded not guilty, and a status hearing for the case is scheduled for January 30, 2026.
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