Raul Rodriguez, also known as raultiovigia, a Miami-based cryptocurrencycurrency exchanger, has been sentenced to 57 months in federal prison for executing money transfers without a license.
From 2016 until 2022, Rodriguez performed hundreds of digital cryptocurrencycurrency transactions worth more than $5 million through his business platform, LocalBitcoins.com.
Rodriguez operated his virtual currency firm unlawfully for more than five years, despite legislation that required administrators to register as money transmitters. His clientele included a convicted drug dealer and a known money launderer, demonstrating the scope of his criminal activity.
The sentence was declared by United States Attorney Lapointe Markenzy and IRS-CI Special Client Matthew D Line. The investigation was conducted by the Miami-Dade IRS-CI, with guidance from the FBI and DEA.
The prosecutor was US Assistant Christopher Browne, and Emily Stone was in charge of asset forfeiture.
Rodriguez’s conviction demonstrates law enforcement’s unwavering determination to combat cryptocurrencycurrency-related crimes.
