PANews reported on November 19 that, according to a statement from the U.S. Attorney's Office for the Northern District of Illinois, Firas Isa, founder of Chicago-based virtual asset company Virtual Assets LLC (the operating entity of Crypto Dispensers), has been indicted by a federal grand jury. He is accused of conspiring with others to use cryptocurrency ATMs to convert and transfer at least $10 million in proceeds of wire fraud and drug trafficking to virtual wallets in order to conceal the source of the funds. Isa and the company are both charged with one count of conspiracy to commit money laundering, which carries a maximum sentence of 20 years in prison. Both have pleaded not guilty, and a state hearing is scheduled for January 30, 2026.PANews reported on November 19 that, according to a statement from the U.S. Attorney's Office for the Northern District of Illinois, Firas Isa, founder of Chicago-based virtual asset company Virtual Assets LLC (the operating entity of Crypto Dispensers), has been indicted by a federal grand jury. He is accused of conspiring with others to use cryptocurrency ATMs to convert and transfer at least $10 million in proceeds of wire fraud and drug trafficking to virtual wallets in order to conceal the source of the funds. Isa and the company are both charged with one count of conspiracy to commit money laundering, which carries a maximum sentence of 20 years in prison. Both have pleaded not guilty, and a state hearing is scheduled for January 30, 2026.
The founder of a Chicago-based cryptocurrency company has been charged with conspiring to launder $10 million.
PANews reported on November 19 that, according to a statement from the U.S. Attorney's Office for the Northern District of Illinois, Firas Isa, founder of Chicago-based virtual asset company Virtual Assets LLC (the operating entity of Crypto Dispensers), has been indicted by a federal grand jury. He is accused of conspiring with others to use cryptocurrency ATMs to convert and transfer at least $10 million in proceeds of wire fraud and drug trafficking to virtual wallets in order to conceal the source of the funds. Isa and the company are both charged with one count of conspiracy to commit money laundering, which carries a maximum sentence of 20 years in prison. Both have pleaded not guilty, and a state hearing is scheduled for January 30, 2026.
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