There are some people who think they can like the law on several occasions. And this is the case of the Canadian national we will talk about today. He thought he could deceive the US tax twice. Unfortunately, in both cases he was caught up in justice for his cases associated with cryptocurrencies.
- The Canadian, the Firmer Patel, was sentenced to 36 months in prison for operating a licensed cryptocurrency service and money washing in the United States.
- During his imprisonment, the patel tried to hide 450 bitcoins, leading to a new conviction of 41 months in prison and seizing funds.
36 months in prison for operating without a license
Patella It is 50 -The -Studyed Canadian national from Montreal. And it seems that cryptocurrencies are not a success. In 2020, Patel finds itself for the first time before American justice Operated a crypto service without a license.
In 2004, the patel launched a cryptocurrency payment service called Alertpay, which will then be renamed Payza. The company operating in Canada also offered its services to US customers. In addition to offering Patel its services without having licenses required in the United States, especially in the Columbia district.
And that, the United States does not like cryptos companies that work without a license at all. Therefore, in 2020 he found that he was facing the US justice that accused him of that received funds of dubious.
“Under the leadership of Mr. Patel, traders were not withdrawn from the Payza platform for participating in high -risk activities such as Pots, money laundering activities, fraud with several levels of marketing (MLM), money collectors’ fraud, pyramidal systems and distributors steroids. »»
In 2020, he admitted for “conspiracy for the purpose of operating an unauthorized money transfer service and money laundering” and will be sentenced by US justice to 36 months in prison.
Back to the prison box
But as they say, “we don’t change the loss of the team”. Despite the first stay in prison, the Firioz seems to have held the lesson.
In a document published by the Ministry of Justice of the United States, we will find out February 6 Patel is again in front of the courts. And when he has not left the prison yet.
A new unsuccessful attempt
In fact he tried without success Hide 450 BTC from the previous case. It would seem that the patel did not want to give up his rare prey. Instead of following, he tried to hide the maneuver the origin of these funds.
First he tried to store 450 bitcoins on the binance, not too malignant strategy. The platform faithful to its conformity protocols quickly detected anomalies and closed its account.
In the face of this failure, the patel then transferred the funds to a virtual account at sea, open on behalf of his father and associated with the address in connection with the operation of Payza. In a desperate attempt to escape the alertness of the US authorities, he even called on an accomplice to provide false information within the customer’s knowledge procedure (KYC) in exchange.
Unfortunately, these transactions did not escape the investigators of internal security investigations. The transparency of crypto transactions made it possible to trace illegal means. In May 2023, although the patel served its initial sentence, a new accusation was imposed against it for an obstacle to justice.
In the end the court ruled A sentence for 41 months in a federal prison. He painted three years of monitoring liberation with a bonus of entertaining 450 bitcoins and their interests.
Recently, another cryptocriminal is subject to prosecution in the United States. Really, Hacker from Cyberswap and Index Funds continues after flight of $ 65 million.