The group ran a scam from Blackpool exploiting loopholes to convert large amounts of Bitcoin into cash.
Four people at the centre of a multi-million pound Bitcoin cryptocurrency fraud have been jailed.
Three men and one woman, aged 24-54, were convicted of fraud and transferring criminal property at Preston Crown Court.The group worked with ringleader James Parker, who died in 2021 before he could be prosecuted for masterminding the conspiracy from his Blackpool home. Parker's financial adviser Stephen Boys worked with a UK national based in the United Arab Emirates to convert the cryptocurrency into cash.A Crown Prosecution Service spokesman said: "A very significant amount of the laundered assets have been returned or are in the process of being recovered on the behalf of the Australian cryptocurrency exchange."
Stephen Boys, 59, from Accrington, was found guilty of converting and transferring criminal property and jailed for six years
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