Canadian Man Sentenced for Laundering Millions in Bitcoin
- Firoz Patel, 50, from Montreal, sentenced to 41 months in federal prison.
- Convicted of laundering 450 Bitcoin, valued at over $43 million.
- Previously convicted in 2020 for operating an unlicensed money-transmitting business.
- Ordered to forfeit the Bitcoin and an additional $24 million judgment.
- Bitcoin assets were frozen at a crypto exchange in the U.K.
Firoz Patel has been sentenced to 41 months in prison for laundering over $43 million in Bitcoin. His assets, including the frozen Bitcoin stash and a $24 million judgment, were ordered forfeited by the court.
Source (2.6)https://decrypt.co/304914/canadian-man-convicted-laundering-bitcoin-41-months?rand=52368
