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- Hugo Sergio Mejia had laundered an amount of $13 million and maybe much more while making transactions between USD and Bitcoin crypto
- He was ceased for money launderings and working with unlicensed wallets
- Hugo has agreed to plead his guilt and forfeit all the money in cash, crypto and valuable belongings that were ceased from his residence
The court expects a resident of California to plead guilty for operating with no license in crypto exchanges along with laundering $13 million and maybe more. The resident was 49 years old and used to trade crypto between his known peers, Hugo Sergio Mejia. The person has agreed his wrong-doings and is ready to plead his guilt for money laundering and operating cryptocurrencies without license in business exchanges. Hugo Mejia has been accused by the United States Attorney’s Office of using a limited liability suite belonging to the corporation and has ordered to conceal all his operations, exchanges and his exchanges of cash over Bitcoin for a span of more than two years.
The nature of the complaint filed against Mejia
In the complaint that has been filed against Mejia, he has been clearly accused of transferring funds between the US dollars and the Bitcoin cryptocurrency, which amounted to almost $13 million for all his clients between May, 2018 and September, 2020. He has been carrying out these operations by using Worldwide Secure Communications, HODL Group and World Secure Data, which were all registered under his name. As per one of the agreements that he made, Hugo had made a negotiation with one of his clients who was ready to pay thousands of dollars in exchange for Bitcoin, in cash. This negotiation took place between May, 2019 and March, 2020. One of Hugo’s clients had informed him that his customer who was willing to pay loads of money, was actually a buyer of methamphetamine, Hugo did not stop, he made the agreements and also proceeded with it although he knew the risks. The buyer was an Australian. As per the complaint Hugo had carried out more than million dollars of transactions with that very buyer.
All the informations that proves Hugo Mejia Guilty
A minimum of five heavy transactions were made between Hugo and this Australian client, and the transaction summed up to more than $250,000. As per the agreement Hugo had conceded and agreed to forfeit $234,000 in cash and another $95,500 as crypto along with metals that belonged to him, and were sealed from his house in California. Further, the agreement stated that Hugo could only use one wallet for crypto exchanges and another for only personal payments . Hugo was charged for his crimes on Friday 29, 2021 for laundering money and for working without any license. He is to be presented to a district court in the United States in March and is believed to be sentenced for a minimum imprisonment of 25 years.
