Laundering

Jury Convicts Tornado Cash Co-Founder Roman Storm on Money Transmitting Charge, Deadlocks on Money Laundering and Sanctions

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NEW YORK — A jury has reached a verdict in the case against Roman Storm, co-founder of Tornado Cash, convicting him of operating an unlicensed money transmitting business. The jury deliberated for a week, during which it grappled with complex charges involving money laundering and sanctions violations but was ultimately deadlocked on those counts. Court documents released by Judge Katherine Failla reveal that, as jurors navigated this high-profile case, they made multiple inquiries for additional information. Their requests included transcripts of witness testimonies, clarifications around the indictment specifics, and details on the wallets linked to … Read more

Jury Stalemate Reached in Tornado Cash Founder’s Money Laundering Trial

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A federal jury in New York City has been unable to reach a unanimous decision regarding the money laundering charges against the founder of Tornado Cash, a cryptocurrency mixing service. This outcome reflects a growing tension within the legal system surrounding the regulation of digital currencies and tools used to enhance privacy. The jury deliberated for several days but ultimately reported being deadlocked, leading the presiding judge to announce a mistrial. The defendant, Alexey Pertsev, had faced accusations of facilitating criminal activity by allegedly aiding users in obscuring the source of their digital assets. His … Read more

High-Profile Solicitor and Accountant Face Off in Major Money Laundering Trial Scheduled for 2027

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LONDON, England – A former political candidate and a solicitor, alongside an accountant, are preparing for trial in 2027 after being charged with money laundering by the National Crime Agency. The allegations have drawn significant attention, highlighting concerns regarding financial misconduct within the political sphere. The individuals involved have not only faced criminal charges but also have sparked discussions about the integrity of political candidates and their financial dealings. The move by the National Crime Agency underscores its commitment to targeting financial crime and ensuring accountability among those in public service. Details surrounding the charges … Read more

Salvadoran Attorney Detained in Major Money Laundering Operation

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SAN SALVADOR, El Salvador — A prominent attorney has been taken into custody on accusations of money laundering, intensifying scrutiny on corruption in the Central American nation. The arrest, which occurred earlier this week, has once again raised concerns over the nation’s ongoing battle against financial crimes and impunity. The lawyer, whose identity has not been disclosed by authorities, is alleged to have been involved in a complex scheme involving illicit funds. According to prosecutors, this operation transferred large sums of money through various means, including shell companies and wire transfers, designed to obscure the … Read more