Justice Dept.: Paxful Inc. Co-Founder Pleads Guilty to Conspiracy to Fail to Maintain Effective Anti-Money Laundering Program
July 09, 2024
July 09, 2024
WASHINGTON, July 9 -- The U.S. Department of Justice issued the following news release on July 8, 2024:
The co-founder and former chief technology officer (CTO) of Paxful Inc. pleaded guilty today to conspiracy to fail to maintain an effective anti-money laundering (AML) program.
According to court documents, from July 2015 to June 2019, Artur Schaback, 36, of Tallin, Estonia, used Paxful Inc. to operate Paxful, an online peer-to-peer virtual currency platform and money . . .
The co-founder and former chief technology officer (CTO) of Paxful Inc. pleaded guilty today to conspiracy to fail to maintain an effective anti-money laundering (AML) program.
According to court documents, from July 2015 to June 2019, Artur Schaback, 36, of Tallin, Estonia, used Paxful Inc. to operate Paxful, an online peer-to-peer virtual currency platform and money . . .