Description
The DOJ charged Todd, the founder of Digitex Future Market for violating the BSA by failing to implement an anti-money laundering program, including failure to conduct KYC. Todd pled guilty to the charges.
Legal Significance
Geofencing didn’t work in this case because the founder encouraged the use of VPNs to avoid the IP address check.
Status
Settled
Case No.
1:23-cr-20478
Date Filed
December 13, 2023
Plaintiff
United States of America
Defendant
Adam Colin Todd
Court
USDC Southern District of Florida Miami Division
Plaintiff Counsel
Trevor Christopher Jones
Defendant Counsel
Law Offices of Peter S. Heller PA
Major Filings
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