Affactive/Revenuejet online gambling boss to pay $403m to resolve federal charges

American authorities hate Bitcoin more than they hate illegal gambling and securities fraud, if recent jail sentences are anything to go by.

This week saw movement toward the resolution of federal charges filed against two individuals in 2015 in connection with a massive criminal conspiracy involving online gambling, stock fraud, identity theft, the hacking of JPMorgan Chase and other major US financial institutions, money laundering and running an unauthorized Bitcoin exchange on US soil.

On Tuesday, the US Department of Justice announced that Anthony Murgio had been sentenced to 66 months in prison for his role in operating the Florida-based Coin.mx Bitcoin exchange.

Murgio pled guilty in January to charges of conspiring to operate an illegal money transmitting business, conspiring to commit bank and wire fraud, and conspiring to obstruct a National Credit Union Administration probe into Coin.mx’s activities.