American pleads guilty to Bitcoin fraud and money laundering in a $630,000 scheme
Austin Nedved, a resident of Northborough, Massachusetts, pleaded guilty to a scheme involving fraud and money laundering through peer-to-peer platforms Paxful and LocalBitcoins. The scheme targeted elderly people and netted more than $630,000 for himself and his co-conspirators, according to a statement from the U.S. Department of Justice.