US EditionCrypto founder arrested for laundering $500 million for sanctioned Russian entities
- Iurii Gugnin, a 38-year-old Russian living in Manhattan, was taken into custody and formally charged on Monday in New York with a 22-count indictment.
- Federal prosecutors accuse Gugnin of orchestrating an elaborate international money laundering operation over an 18-month period starting mid-2023, moving more than $530 million through U.S. financial institutions and cryptocurrency platforms.
- He utilized his American-based firms, Evita Investments and Evita Pay, to facilitate payment processing for clients associated with sanctioned Russian financial institutions such as Sberbank, VTB, and Rosatom, while obscuring the origin of the funds.
- Assistant Attorney General John A. Eisenberg stated that Gugnin transformed a cryptocurrency firm into an illicit channel through which more than $500 million was funneled, facilitating financial support to sanctioned Russian banking institutions and enabling Russian users to access advanced U.S. technology.
- Should found guilty on every charge, the defendant faces potential prison terms exceeding 30 years per offense, underscoring federal initiatives to combat the use of cryptocurrency for circumventing sanctions.
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U.S. charges founder of crypto company Evita with laundering $500 million for Russian clients
Federal prosecutors have charged Iurii Gugnin, a New York resident and Russian national, with 22 criminal counts, including wire and bank fraud, money laundering, and conspiracy to defraud the U.S. According to a Justice Department press release, Gugnin is the founder and owner of the cryptocurrency company Evita. The FBI alleges that he used the company as a front to launder hundreds of millions of dollars for Russian entities under U.S. sancti…
Iurii Gugnin faces 22 charges for facilitating million-dollar transactions that violate U.S. sanctions
US accuses Russian of laundering millions, helping Moscow obtain sensitive technology
U.S. prosecutors have charged cryptocurrency entrepreneur Iurii Gugnin with laundering over $500 million and helping sanctioned Russian entities bypass export controls. Gugnin, a 38-year-old Russian national living in New York, founded the U.S.-based companies Evita Investments and Evita Pay. He was arrested in New York on June 9 and faces multiple charges, including wire fraud, bank fraud, money laundering, and conspiracy.According to court doc…
‘Covert Pipeline for Dirty Money’ – Crypto Firm Founder Facing Multiple Charges After Allegedly Laundering $500,000,000 Through US Financial System - The Daily Hodl
The Department of Justice (DOJ) has charged a Russian national and crypto executive with allegedly laundering more than $500 million worth of overseas payments through US banks and digital asset exchanges. The DOJ alleges New York resident Iurii Gugnin used his crypto company, Evita, to move dirty money through the US for sanctioned Russian banks, which helped Russian individuals acquire sensitive US technology. Gugnin, who also goes by the name…
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