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The founder of a Chicago crypto assets company is accused of conspiring to launder 10 million dollars.

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PANews, November 19 - According to an announcement from the U.S. Attorney's Office for the Northern District of Illinois, Firas Isa, the founder of Chicago-based Virtual Assets LLC (the operator of Crypto Dispensers), has been indicted by a federal grand jury. He is accused, along with co-conspirators, of using cryptocurrency ATMs to convert and transfer at least $10 million in proceeds from telecom fraud and drug-related crimes to virtual wallets, in an effort to conceal the source of the funds. Isa and the company have been charged with one count of conspiracy to commit money laundering, which carries a maximum penalty of 20 years in prison. Both have pleaded not guilty, and a status hearing in the case is scheduled for January 30, 2026.

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