NEWARK, N.J. – A businessman and former resident of Utah has been charged with illegally working an unlicensed cash transmitting enterprise, U.S. Lawyer Philip R. Sellinger introduced immediately.
Christopher James Scanlon, 43, initially from Utah and now residing in the UK, is charged by criticism with one rely of conspiring to manage and personal an unlicensed cash transmitting enterprise. Scanlon was arrested at Miami Worldwide Airport immediately and is anticipated to have his preliminary look in U.S. District Courtroom for the Southern District of Florida on Friday.
In line with paperwork filed on this case and statements made in courtroom:
Scanlon was the president, chief govt officer, and founding father of the manufacturers Aurae Life-style and Membership Swann. From as early as 2015 by means of 2019, Scanlon managed a sequence of authorized entities – PMA Media Group Inc.; AU Card LLC; AU Card Ltd., and Nvayo Ltd., (collectively, the “AU Entities”) – that he operated as a cash transmitting enterprise to offer fiat and cryptocurrency monetary companies to prospects of Aurae Life-style. Scanlon served as a customer support consultant for a number of high-net-worth Aurae Life-style prospects. He typically communicated with prospects about monetary transactions utilizing encrypted messaging purposes and directed the AU Entities to conduct monetary transactions for patrons by means of U.S.-based banks and cryptocurrency firms. Scanlon operated Aurae Life-style throughout this time with out appropriately registering as a cash transmitting enterprise with the Monetary Crimes Enforcement Community (FinCen), a bureau of the U.S. Treasury Division.
The conspiracy rely carries a most time period of imprisonment of 5 years, a high-quality of as much as $250,000 or twice the pecuniary achieve to the defendant or loss to the victims, whichever is biggest.
U.S. Lawyer Sellinger credited particular brokers of IRS – Felony Investigation, beneath the route of Particular Agent in Cost Tammy Tomlins, and particular brokers of the U.S. Lawyer’s workplace, beneath the route of Particular Agent in Cost Thomas Mahoney, with the investigation resulting in the costs.
The federal government is represented by Assistant U.S. Attorneys Jamie Hoxie Solano and Sophie E. Reiter of the Cybercrime Unit in Newark.
The cost and allegations contained within the criticism are merely accusations, and the defendant is presumed harmless until and till confirmed responsible.