Odaily News A Montana man has been convicted of cryptocurrency money laundering. After a three-day trial, 73-year-old Randall V. Rule, formerly of Kalispell, Montana, was found guilty on all counts by a jury.
On November 16, 2022, a federal grand jury indictment charged Randall V. Rule and former Irmo, South Carolina resident Gregory C. Nysewander with conspiracy to commit money laundering, money laundering, and conspiracy to violate the Bank Secrecy Act. According to the indictment, Rule and Nysewander conspired with others to launder the proceeds of wire fraud and mail fraud through cryptocurrency. The defendants converted funds into cryptocurrency and sent the cryptocurrency to accounts controlled by domestic and foreign co-conspirators. The defendants and their co-conspirators made false statements and concealed material facts in order to avoid discovery of the fraudulent nature of the deposits, wires, and transfers. The defendants also made false statements and concealed material facts when completing account opening documents and communicating with financial institutions and cryptocurrency exchanges. (justice.gov)