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Massachusetts Man Sentenced to 6 Years for Running Unlicensed Bitcoin Business

TheNewsCrypto LogoTheNewsCrypto17h ago

Massachusetts Man Sentenced to 6 Years for Running Unlicensed Bitcoin Business - TheNewsCrypto

Quick Summary:

A resident of Danvers, a town in Massachusetts, was convicted of operating an unregistered Bitcoin transmitting business and was sentenced as it breached federal anti-money laundering laws.

He stole over $48 million from the company, and most of the people lost their life savings and pleaded guilty to securities and commodities fraud.

As per the lawyers, Mashinsky cheated thousands of people.

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Article Details

Author / Journalist: Sharmistha Suman

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-23 @ 12:21:04 (17 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 303 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 28926378

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About TheNewsCrypto

TheNewsCrypto Logo

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 29 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

Publisher Details

Frequently Asked Questions

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The story "Massachusetts Man Sentenced to 6 Years for Running Unlicensed Bitcoin Business" has 303 words across 18 sentences, which will take approximately 2 - 3 minutes for the average person to read.

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The story "Massachusetts Man Sentenced to 6 Years for Running Unlicensed Bitcoin Business" was covered 17 hours ago by TheNewsCrypto, a news publisher based in United Arab Emirates.

How trustworthy is 'TheNewsCrypto' news outlet?

TheNewsCrypto is news outlet established in 2020 that covers mostly crypto news.

The outlet is headquartered in United Arab Emirates and publishes an average of 29 news stories per day.

It's most recent story was published 11 hours ago.

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  • News ID: #28926378
  • URL: https://chaosandpain.beamstart.com/news/massachusetts-man-sentenced-to-6-17480148904732

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