New court documents stemming from Tuesday's sentencing of a Florida man revealed more than $60 million in ACH transactions was processed through a small New Jersey credit union that was commandeered to operate an illegal Bitcoin operation.

Anthony Murgio of Tampa, the creator and operator of Coin.mx, an unlicensed online Bitcoin exchange that defrauded financial institutions for years to process illegal transactions, was sentenced to five and a half years in prison by U.S. District Court Judge Alison J. Nathan in New York City.

Federal prosecutors asked Judge Nathan to impose a 10 to 12 year prison sentence given Murgio's blatant criminal conduct. What's more, the NCUA also asked the federal judge in a letter to give Murgio the "maximum sentence allowed under the federal sentencing guidelines."

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