LV.net Founder Convicted of Laundering Millions for Cartel in Credit Card Fraud Scheme

LV.net founder Martin Mizrahi convicted of money laundering, wire fraud, identity theft in Manhattan federal court
Prosecutors Mizrahi laundered up to $4M for Mexican cartel using Bitcoin, including $3M stolen from NYC non-profit
Also convicted in $8M credit card fraud scheme involving fraudulent charges run through his company
Mizrahi previously claimed he believed funds were from legitimate sources, but jury found prosecutors proved charges
Faces up to 127 years in prison at sentencing for wide-ranging criminal conspiracy