A recent indictment has revealed the illegal activities of Maximiliano Pilipis, the operator of AurumXchange, an unlicensed virtual currency exchange in Indiana. Pilipis is facing charges of money laundering and failure to file tax returns. The indictment shows that AurumXchange operated between 2009 and 2013, facilitating the exchange of Bitcoin and other virtual currencies for US dollars. Pilipis charged significant fees and accumulated millions of dollars and over $1.2 million worth of Bitcoin. The exchange was involved in over 100,000 transactions worth more than $30 million, with links to illegal activity. Pilipis attempted to disguise the money's origins and invested in real estate without reporting income. The investigation and prosecution highlight the Department of Justice's commitment to combating financial crime in the digital assets space. If convicted, Pilipis could face up to ten years in prison and a $250,000 fine.



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