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Unlicensed Money Transmitting

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Man Accused Of Converting Profits From Knock-Off 'Gucci' Into Bitcoin Is Indicted Man Accused Of Converting Profits From Knock-Off 'Gucci' Into Bitcoin Is Indicted
Man Accused Of Converting Profits From Knock-Off 'Gucci' Into Bitcoin Is Indicted A Central Mass man has been accused of using Bitcoin to launder profits from the sale of illegal items such as knock-off Gucci bags. On Thursday, March 4, Alan Joseph 32, of Fitchburg, was indicted by a grand jury on the charges of operating an unlicensed money transmitting business, and 4 counts of money laundering, the U.S. Attorney’s Office, Massachusetts, said. From August 2020 to February 2021, Joseph allegedly engaged in 4 financial transactions in which he used money he thought had been obtained through the sale of contraband and turned it into Bitcoin as a way to make the source of…

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by Kristin Palpini