Santa Monica Man to Plead Guilty in Cryptocurrency Case

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A Santa Monica man charged with utilizing his cryptocurrency money alternate enterprise to launder thousands and thousands of {dollars} in alleged prison proceeds is predicted to plead responsible Wednesday to a federal cost.

Charles Randol, 33, has agreed to enter his plea to failure to take care of an efficient anti-money laundering program, against the law that carries a jail sentence of as much as 5 years, in response to the U.S. Legal professional’s Workplace.

From October 2017 to July 2021, Randol owned and operated a virtual-currency cash providers enterprise referred to as Digital Coin Methods LLC. The corporate provided cryptocurrency money alternate providers for a fee, in response to his plea settlement.

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