A California man was been handed a lengthy six-year prison sentence for laundering money for a gang of cyber-criminals.
Cesar Carranza, 38, also known by the handle “uBuyWeRush,” participated in the money laundering scheme “between April 2004 and November 2006,” the Department of Justice said in a news release 16 September.
Three directors of e-Gold had been “convicted of operating an unlicensed money transmitting business,” the DOJ said.
“Carranza pleaded guilty on 3 December 2009, to one count of conspiring to launder proceeds of unlawful activity,” the release said.
All told, Carranza was accused of helping to launder $2.5 million (£1.6 million) in illegal proceeds.
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