Three New Hampshire residents pleaded guilty to crypto fraud

According to the prosecutor, the defendants opened bank accounts and helped in conducting illegal business with virtual currency

19.04.2022 - 17:00

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1 min

What’s new? Three New Hampshire residents Andrew Spinella, Renee Spinella, and Richard Paul pleaded guilty to fraud using digital assets in federal court. This was reported by the Department of Justice, referring to the United States Attorney John J. Farley. According to him, the defendants opened bank accounts and helped their accomplice Jan Freeman to conduct illegal business with virtual currency.

Information on the website of the Department of Justice

How did events develop? According to court documents and statements made in court, from 2016 to 2021, the defendants opened accounts in their names or registered them with the churches so that the accomplice Freeman could use them to sell virtual currency.

Andrew Spinella pleaded guilty on April 12, 2022, saying that he opened accounts in his name for Freeman. Renee Spinella confessed on April 14, 2022. She admitted that she had opened a business account in the name of Crypto Church of New Hampshire. The account was allegedly intended to receive church donations. Paul pleaded guilty on April 15, 2002. He stated that he had opened accounts in his own name and in the name of the Church of the Invisible Hand. When he opened the accounts, he knew that they would be used by Freeman to trade virtual currency.

What awaits the defendants? Andrew and Renee Spinella will be sentenced on July 26, 2022. Paul will be sentenced on July 28, 2022. Freeman and his two accomplices are due in court on November 1, 2022.

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