PANews reported on February 27 that according to the US judicial website, a Montana man was convicted of cryptocurrency money laundering. After three days of trial, 73-year-old Randall V. Rule (formerly a resident of Kalispell, Montana) was found guilty of all charges by the 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 cryptocurrency to accounts controlled by domestic and foreign co-conspirators. The defendants and their co-conspirators made false statements and concealed material facts to avoid discovering the fraudulent nature of deposits, wire transfers, and transfers. The defendants also made false statements and concealed material facts when filling out account opening documents and communicating with financial institutions and cryptocurrency exchanges. During the conspiracy, Rule, Nysewander, and their co-conspirators laundered more than $2.4 million.
