Guilty pleaSouthern Texas
Houston area unlicensed cryptocurrency business results in conviction
Jun 1, 2022 · Sourced to the U.S. Department of Justice
This case reached the guilty plea stage in the Department of Justice's public record. Everything below reflects only what the government itself announced, and links to the original release.
A 49-year-old out-of-state man has pleaded guilty to running an unlicensed money transmitting business
Defendants
- Hien Ngoc Vo — age 49 · Seattle, Washington · pleaded guilty
Charges
Operating an Unlicensed Money Transmitting Business
Max: five years in federal prisonHien Ngoc Vo· pleaded guilty
Financial actions
- fine: $250,000 — Possible maximum fine faced at sentencing for running an unlicensed money transmitting business
Investigating agencies
Federal Bureau of Investigation
Case details
- Prosecuting office
- Southern District of Texas
- Judge
- Lee H. Rosenthal, Chief U.S. District Judge
- Assets
- Bitcoin
Anti-Money Laundering / Financial ComplianceCryptocurrencyFederal Prosecution And SentencingUnlicensed Money Transmitting Business
Primary source
Every fact above is drawn from the Department of Justice's own announcement — a public-domain government record.
Read the original DOJ release →This is a research and reference page compiled from public DOJ announcements, not legal advice. Details reflect the government's statements as of its release date and may not capture later developments such as appeals, dismissals, or overturned convictions. Defendants are presumed innocent unless and until proven guilty.