Rhode Island Man Admit Guilt in Crypto Money Laundering Case
Rhode Island man admits guilt in laundering millions through cryptocurrency tied to drug sales.
Agustin Villa, 61, worked with a group led by Jin Hua Zhang to launder over $25 million globally.
Villa moved cash, exchanging it into digital money like tether, which was then sent to Zhang.
Villa faces up to 20 years in jail, $500,000 fine, and further police monitoring after release.
Case highlights the growing use of cryptocurrency in crime and the challenge for law enforcement.
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