Framingham Man Pleads Guilty to Operating Unlicensed Money Transmission Business

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BOSTON – A Framingham man pleaded guilty today to operating an unauthorized money transmission business.

Louise DaSilva, 69, pleaded guilty to one count before U.S. District Court Judge Nathaniel M. Gorton, with a sentencing date set for April 4, 2024.

From October 2018 until approximately October 2020, DaSilva failed to meet federal registration requirements for his money transmitting business, Mix Mobile Phones, LLC.

A charge of operating an unlicensed money transmitter business carries a penalty of up to five years in prison, up to three years of supervised release and a fine of up to $250,000. Sentences are handed down by a federal district court judge based on the US sentencing guidelines and laws governing sentencing in criminal cases.

Acting United States Attorney Joshua S. Levy; Brian D. and Framingham Police Chief Lester Baker announced today. Assistant U.S. Attorney John T. Mulcahy of the Criminal Division is prosecuting the case.

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