The U.S. Department of Justice unsealed a 22-count indictment on Monday in New York federal court charging a Russian citizen with using his digital asset company to funnel over $500 million of overseas payments through American banks and cryptocurrency exchanges while concealing the source and purpose of the transactions.
Iurii Gugnin, 38, is the founder, president, treasurer and compliance officer of the U.S.-based Evita Investments Inc. and Evita Pay Inc., court records show. Gugnin allegedly used both companies to enable foreign customers, many of whom held funds at sanctioned Russian banks, to provide him with cryptocurrency, which he then laundered.
