Murgio Pleads Guilty For Operating Illegal Bitcoin Exchange

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Anthony Murgio pleaded guilty yesterday to conspiring to operate an illicit bitcoin exchange, according to The Palm Beach Post. He will be sentenced in June.

Anthony Murgio

Murgio was accused of operating the bitcoin exchange, Coin.mx, that laundered cash for Internet criminals, including drug dealers, and facilitated extortion schemes.

He was accused of operating an unlicensed money transfer business that used bitcoin to launder cash.

The plea comes less than three weeks after prosecutors released a new indictment against Murgio and two others.

Case Ensnares Murgio’s Father

The case against Murgio, who was initially indicted in July 2015, ensnared his father, Mike Murgio, a Palm Beach County School board member. Prosecutors charged the father with participating in a bribery scheme to hide the bitcoin exchange operations.

The charges forced the elder Murgio to resign from his school board role. He pleaded guilty in October to lesser charges.

The defendants claimed the new indictment was too close to a trial date that

Read more ... source: CryptoCoinsNews

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