This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
03/03/2023
Cryptocurrency ATM Company CEO Arrested in Miami Beach on Warrant for Conspiracy, Money Laundering
NBC Miami
The CEO of a cryptocurrency ATM company was arrested in Miami Beach on an Ohio warrant that accused him of conspiracy, money laundering and other charges.
Sonny Meraban, 45, was taken into custody at a home on Collins Avenue Wednesday afternoon, an arrest report said.
According to the report, Meraban faces nearly five dozen charges for various counts including conspiracy, money laundering, receiving stolen property and over 30 counts of license requirement violations on a warrant out of Cuyahoga County, Ohio.
Meraban is listed as the CEO of Bitcoin America, a virtual currency exchange registered as a money services business with the United States Department of Treasury.
Maraban appeared at an extradition hearing Thursday and will travel to Cuyahoga County to face the charges.
The Cuyahoga County prosecutor's office said the arrest is part of an operation resulting in indictments of people owning and operating cryptocurrency kiosks
Investigators said there were 54 search warrants, 52 bitcoin machines and three arrests in the operation headquartered in Illinois.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information