A US court has charged Russian national Yuri Gognin with laundering more than $500 million through cryptocurrencies, the US Department of Justice announced on June 9.
"Gugnin, also known as Yuri Mashukov or George Gugnin, a New York resident and Russian citizen, may have used his cryptocurrency company, Evita, to process payments worth over $500 million through U.S. banks and cryptocurrency exchanges, while concealing the source and transactions of the transfers," the department said in a statement.
The Russian citizen has been charged with a total of 22 counts, including wire fraud and conspiracy to defraud the United States. If convicted, Gognin faces a minimum of 65 years in prison.
