California resident faces 25 years in prison for operating an unlicensed exchange and laundering $13 million.

49-year-old peer-to-peer crypto trader, Hugo Sergio Mejia, has agreed to plead guilty to charges of money laundering and operating an unlicensed money transmitting business. The U.S. Attorney’s Office accuses the California resident of using a suite of limited liability corporations to conceal his operations’ true nature while exchanging cash for Bitcoins over a period spanning […]