January 22, 2020 by Océane
Arrested in 2019 for conducting operations of crypto-transactions for the account of a multitude of crypto-exchanges, Fowler and Ravid Yosef have finally acknowledged their wrong.
The bankers ghosts plead guilty
Creating Crypto Capital, a platform that processes hundreds of millions of dollars of digital assets, non-registered, Fowler and Yosef were arrested by us authorities in April 2019, to have provided services that are not regulated.
In fact, the two friends are accused of having carried out transactions through a “shadow banking” for the account of the major signs of the ecosystem crypto like Kraken, Bitfinex, or Bitmex. However, these activities are expressly prohibited by the laws on the laws of anti-money laundering and customer knowledge ( KYC or Know Your Customer).
Recently, Fowler has decided to change his plea to plead guilty, as reported in the media Inner City Press.
The justice dismisses the other charges
Crypto Capital participated in the transaction of hundreds of millions of dollars for its clients, while the law is a contraindication to this kind of operation in the absence of registration and regulation in terms of privacy and security.
In the context of the case, the justice has accused the leaders of the box of bank fraud and operating a money transfer business without a license.
With the reversal of the plea, the prosecutor’s office decided, however, to dismiss the other charges apart from the charge on the creation of money transfer business non-registered.
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