{"id":33649,"date":"2020-12-18T18:05:24","date_gmt":"2020-12-18T16:05:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33649"},"modified":"2025-08-28T14:51:51","modified_gmt":"2025-08-28T11:51:51","slug":"american-pleads-guilty-to-bitcoin-fraud-and-money-laundering-in-a-630000-scheme","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/american-pleads-guilty-to-bitcoin-fraud-and-money-laundering-in-a-630000-scheme\/","title":{"rendered":"American pleads guilty to Bitcoin fraud and money laundering in a $630,000 scheme"},"content":{"rendered":"<p>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 the man and his co-conspirators more than $630 000, according to a statement <a href=\"https:\/\/www.justice.gov\/usao-ma\/pr\/northborough-man-pleads-guilty-aiding-romance-and-lottery-schemes-targeting-elderly\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">\u0432 \u0441\u043e\u043e\u0431\u0449\u0435\u043d\u0438\u0438 \u041c\u0438\u043d\u044e\u0441\u0442\u0430 \u0421\u0428\u0410<\/a>.<\/p>\n<p><!--more--><\/p>\n<p>Nedved bought and sold bitcoins for cash obtained from victims of the fraud schemes. The agency said there were two possible forms of the deception.<\/p>\n<p>The first involved an alleged lottery win. To transfer funds, fees or duties had to be paid. In the second, people became victims of romance scams.<\/p>\n<p>In June 2018, Nedved helped a 78-year-old woman exchange $100 000 for bitcoins so that she could assist a prospective fianc\u00e9 with an oil business. A few days later, the accomplices took another $40 000 from the victim.<\/p>\n<p>Authorities charged the man with aiding and abetting fraud and conspiracy to launder money. Each count carries up to 20 years in prison and substantial fines. The sentencing for Nedved was scheduled for April 7, 2021.<\/p>\n<p>As reported, one of the founders of the Centra Tech cryptocurrency project, Robert Joseph Farcas, received <a href=\"https:\/\/u1f987.com\/en\/news\/centra-tech-co-founder-sentenced-to-one-year-in-prison\">one year in prison and a $250,000 fine<\/a> for organizing a fraudulent ICO.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":1,"featured_media":33650,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1154,26],"class_list":["post-33649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crimes","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=33649"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33649\/revisions"}],"predecessor-version":[{"id":33651,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33649\/revisions\/33651"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/33650"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=33649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=33649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=33649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}