Cartier Heir Gets 8 Years for $470M Drug Money Crypto Scheme

Cartier heir gets 8 years for $470M drug money crypto scheme

Cartier heir Maximilien de Hoop Cartier was sentenced to 8 years in prison for running an unlicensed crypto exchange that laundered over $470 million in drug trafficking proceeds.

Cartier Heir Jailed 8 Years Over $470m Crypto Money Laundering Scheme

A descendant of the Cartier jewellery dynasty has been sentenced to eight years in a United States federal prison after admitting to running an unlicensed cryptocurrency exchange that prosecutors say laundered more than $470m linked to drug trafficking. Maximilien de Hoop Cartier, 58, a French resident who also performs as a singer under the name “Max Cartier,” pleaded guilty in October to operating an illegal money-transmitting business and con…

Cartier heir gets 8 years for $470M drug money crypto scheme - Newsy People

A descendant of the Cartier jewelry dynasty has been sentenced to eight years in federal prison after confessing to running an unlicensed cryptocurrency exchange that laundered more than $470 million in drug trafficking proceeds.   Maximilien de Hoop Cartier, a resident of France who moonlights as a singer under the name “Max Cartier,” was sentenced in Manhattan federal court on Tuesday, April 28, after pleading guilty in October to operating an…

Cartier Heir Maximilien de Hoop Cartier Sentenced to 8 Years for $470 Million Cryptocurrency Drug Money Scheme

NewsFinale NewsFinale Journal Let’s uncover some tarnished gems in the world of finance. A member of the Cartier jewelry lineage has been handed an eight-year prison sentence by a federal court after admitting to managing an unlicensed cryptocurrency exchange that laundered over $470 million from drug trafficking activities. Maximilien de Hoop Cartier, a French national who also pursues […] The post Cartier Heir Maximilien de Hoop Cartier Senten…

US Court Sentences French National to 8 Years in $470M Crypto Laundering Case

A U.S. court sentenced Maximilien de Hoop Cartier to eight years in prison for helping launder more than $470 million through an unlicensed crypto exchange. Prosecutors said the network used U.S. banks, shell companies, and crypto accounts to move criminal proceeds overseas. Key Takeaways: Authoriti...

Crypto money launderer gets prison in U.S.

Shell companies, crypto exchange processed US$470 million in drug money The post Crypto money launderer gets prison in U.S. appeared first on Investment Executive.