Feb 11, 2025
Canadian businessman sentenced to U.S. prison for concealing bitcoin stash
Prosecutors say Firoz Patel, who was the subject of a Pandora Papers investigation, attempted to hide more than $40 million worth of cryptocurrency.
Prosecutors say Firoz Patel, who was the subject of a Pandora Papers investigation, attempted to hide more than $40 million worth of cryptocurrency.
ICIJ previously found that OneCoin’s founder Ruja Ignatova and some of her associates had bought properties worth millions in Dubai while promoting the fraudulent cryptocurrency scheme.
Officials touted upcoming moves to close regulatory loopholes that could expose the United States’ financial system to evolving threats.