New York federal prosecutors arrested two Florida men Tuesdaywho allegedly ran a phony company and controlled a New Jerseyfederal credit union to operate an unlicensed Internet Bitcoin exchange scheme for the purpose of laundering money forcriminals.

Since late 2013, Anthony R. Murgio, 31, of Tampa and YuriLebedev, 37, of Jacksonville, operated Coin.mx, a Bitcoin exchangeservice, which violated federal anti-moneylaundering laws. Through Coin.mx, Murgio and Lebedev enabledtheir customers to exchange cash for Bitcoins, charging a fee fortheir service.

Federal prosecutors alleged that the two men exchanged cash forpeople whom they believed might be engaging in criminalactivity.

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