FBI Arrests 6 for Running Unlicensed Crypto-to-Cash Business in New York
- FBI arrests 6 for operating unlicensed crypto-to-cash transmitting business in NY
- Suspects allegedly converted crypto to cash for anonymity-seeking clients
- FBI confidential source arranged 80 controlled cash pickups totaling $15M
- Business violated laws by not registering with FinCEN as money transmitter
- Operation allowed funds to pass without scrutiny imposed on US financial system