Detroit Man Pleads Guilty in Case Involving Bitcoins
PORTLAND, MAINE — Acting United States Attorney Richard W. Murphy announced that Sal Mansy, 41, of Detroit, Michigan, and TV TOYZ, LLC, a Michigan corporation, pleaded guilty today in U.S. District Court to operating an unlicensed money service business.
Mansy bought and sold approximately $2,400,000 worth of Bitcoin online between August 2013 and June 2015, funneling proceeds through his own limited liability corporation’s bank account, TV TOYZ. The investigation, spanning a year, ended with the seizure of $118,134.57 from Mansy’s Detroit residence.
Despite operating an unregistered money service business, Mansy violated Title 18, United States Code, Section 1960, which penalizes transferring money for others as a business without proper licensing. He now faces up to five years in prison and a $250,000 fine, awaiting sentencing following a presentence investigation report.
Conducted by the Portland, Maine, and Detroit, Michigan offices of the Department of Homeland Security’s Homeland Security Investigations; and the Saco Police Department, the case underscores the growing importance of cybercrime enforcement.
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Key Facts
- State: Maine
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes|Cybercrime|White Collar Crime
- Source: Official Source ↗
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