The court of American Boston sentenced the 48-year-old resident Danvers Trung Nguyen, known under the nickname DCS420, by six years in prison for illegal conduct of business transfer business.

The US Department of Justice reported that, in addition to imprisonment, Nguyen has been appointed three years of conditional release. In addition, law enforcement officers confiscate more than $ 1.5 million from the accused. In November 2024, Nguyen was found guilty of conducting unlicensed money transfer and money laundering through cryptocurrencies. The charges were brought on May 30, 2023.

According to the Ministry of Justice, from September 2017 to October 2020, DCS420 ruled the organization of National Vending. Through it, Nguyen converted cash in bitcoins for customers for a fee. The agency reported that virtual assets exchangers are subject to the rules for combating money laundering (Aml). These laws are prescribed to register exchangers on the network to combat financial crimes (Fincen) of the US Department of Finance. Exchangers operators are also required to submit reports to FinCen about suspicious transactions in the amount of more than $ 10,000.

Nguyen did not comply with these requirements – the businessman attached cash in bitcoins in the amount of more than $ 1 million, the Ministry of Justice announced. This money came from private individuals, including drug trafficking and fraudulent schemes with romantic acquaintances. The prosecutor’s office claims that Nguyen deliberately hid his activities, positioning National Vending as a business with trading machines.

Nguyen even signed up for a paid course, the creators of which taught to hide the illegal business. On the course it was recommended to come up with their “History of Covering”, to make a list of fictional suppliers and not to use the word “bitcoin”. To complicate the tracking of transactions, DCS420 used in communication with customers of the application for encrypted messages. The cash deposits exceeding the amount of $ 10,000, Nguyen divided into smaller monetary deposits for several days, follows from the case file.

In May, the Federal Court of the Southern District of New York sentenced the former general director of the bankrupt crypto platform of Celsius Alex Mashinsky to 12 years in prison. Previously, Machinsky found himself guilty of fraud with securities and goods.