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A Santa Monica man has agreed to plead guilty to breaking federal law by allowing his cryptocurrency-cash exchange company to help scammers and drug traffickers launder millions of dollars in criminal proceeds through his business, including Bitcoin kiosks in Santa Clarita, the Justice Department announced Wednesday.
A resident of Santa Monica has reached an agreement to plead guilty in violating federal legislation by facilitating the utilization of his cryptocurrency-cash exchange enterprise, which was located in the Santa Clarita Valley, to aid individuals involved in fraudulent activities and drug trafficking in laundering substantial sums of criminal money via his establishment.
December 16, 2021 — A former doctor and his company were found guilty today by a federal jury of scheming to defraud private insurance companies and the Tricare health care program for military service members by fraudulently submitting an estimated $355 million in claims related to the 1-800-GET-THIN Lap-Band surgery business.