$30 Million Bitcoin Investigation from the FBI!

According to Coindesk, the FBI charged six people for allegedly making $30 million in illegal money transfers using cryptocurrency.

In its complaint recently submitted to the Court of the Southern District of New York, the FBI stated that these six people were named Shaileshkumar Goyani, Brijeshkumar Patel, Hirenkumar Patel, Naineshkumar Patel, Nileshkumar Patel and Raju Patel.

Alleging that these six individuals were operating in New York without a proper money transmitter license, the FBI said the defendants used dark networks to convert Bitcoin (BTC) or other cryptocurrencies into cash and knowingly conducted illegal business.

While the FBI wanted these six people to be arrested, the court decided to release the defendant named Naineshkumar Patel on parole.