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Prosecutors laid out their arguments against Tornado Cash developer Roman Storm this week in a New York courtroom. Storm faces charges of money laundering, conspiracy to operate an unlicensed money transmitter, and conspiracy to violate US sanctions. Early witnesses for the prosecution seemed to lack some basic understanding of how money is generally moved by crypto criminals and how funds are tracked.
The defense is expected to rest their case early next week. In February, Storm's co-founder Alexey Pertsev was sentenced to 64 months in prison by a Dutch court.
I am very concerned that the courts, these AUSA's prosecuting crypto crime, and the IRS do not seem to understand the difference between using LIFO to:
(1) establish the amount of assets that flowed through a very limited set of KNOWN parties and a very limited set of their… pic.twitter.com/y8eQHmbjAU
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