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Tag: Eric Vitaliano

Bitzlato Founder Sentenced to Time Served over $700 Million Money Laundering Case!

On July 18, Judge Eric Vitaliano of Brooklyn's federal court sentenced Anatoly Legkodymov, the founder of the Bitzlato cryptocurrency exchange, to 18 months in prison, equivalent to the time he had already served. Legkodymov's sentencing followed his guilty plea to operating an unlicensed money-transmitting business that concealed over $700 million in illegal proceeds from activities such as gambling and drug transactions.