Published: 15.04.2022
Article reading time:
1 min.
The Manhattan District Attorney’s Office accused New Yorker Robert Taylor of operating 46 unlicensed crypto ATMs installed in New York, Miami and New Jersey.
Prosecutors allege that between 2017 and 2018, 35-year-old New Yorker Robert Taylor operated a total of 46 crypto ATMs and sold $5.6 million worth of bitcoin. translations.
On social media, Taylor assured users of anonymity, stating that his ATMs do not have cameras and do not require identification. Such promises have attracted criminals who want to withdraw money anonymously. The commission from transactions at the same time ranged from 10 to 20%.
“Taylor has gone to great lengths to keep his illicit business under wraps and to attract a clientele willing to pay big bucks for anonymity. As the popularity of cryptocurrencies grows, they also attract more and more scammers who hope to evade tax and law enforcement,” said Manhattan District Attorney Alvin Bragg Jr.
ATMs themselves are not banned in New York City as long as they comply with local tax and licensing regulations. However, state authorities have repeatedly linked them to money laundering and other criminal activities. So, last year, the Strategic Intelligence Division of the US Drug Enforcement Administration reported that drug traffickers are increasingly using cryptomats for money laundering.
Source: Bits
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