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Massachusetts Bitcoin Launderer Sentenced to 6-Year Prison Term

  • Trung Nguyen, 48, of Danvers, sentenced to six years in prison for operating an unauthorized Bitcoin business.
  • Nguyen laundered over $1 million for scammers and drug dealers through his company, National Vending.
  • He omitted FinCEN registration and violated anti-money laundering laws by exchanging cash for Bitcoin for illegal transactions.
  • The scheme was exposed by an investigation involving Homeland Security Investigations, IRS Criminal Investigation, and the U.S. Postal Inspection Service.

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