US prosecutors have charged a cryptocurrency entrepreneur with sanctions evasion and export control violations, alleging he laundered more than $500mn and helped Russians acquire sensitive US technology.
Iurii Gugnin, founder of Florida-incorporated payments company Evita Pay and a Delaware company called Evita Investments, was charged on Monday with wire and bank fraud, money laundering and other offences, according to court documents unsealed in federal court in Brooklyn. He was arrested and arraigned in New York, the Department of Justice said.
Prosecutors said Gugnin made payments on behalf of foreign…
