Montana man convicted in cryptocurrency money laundering conspiracy

Feb 27, 2025 · Sourced to the U.S. Department of Justice

This case reached the convicted 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 Montana man was found guilty of a cryptocurrency money laundering conspiracy, announced Acting U.S. Attorney Abe McGlothin, Jr.

District

Eastern Texas

Announced

Feb 27, 2025

Status

Convicted

Defendants

Randall V. Rule — age 73 · Kalispell, Montana · convicted
Gregory C. Nysewander — Irmo, South Carolina · indicted

Charges

Money laundering conspiracy
Max: 20 years in prisonRandall V. Rule· convicted
Money laundering
Max: 20 years in prisonRandall V. Rule· convicted
Conspiracy to violate the Bank Secrecy Act
Max: 5 years in prisonRandall V. Rule· convicted
Money laundering conspiracy
Gregory C. Nysewander· indicted
Money laundering
Gregory C. Nysewander· indicted
Conspiracy to violate the Bank Secrecy Act
Gregory C. Nysewander· indicted

Financial actions

money laundering: $2.4 million — Proceeds of wire fraud and mail fraud schemes laundered through cryptocurrency during the conspiracy

From the announcement

“We will not stand by as our citizens are victimized by financial crimes and their life savings are stolen. We will aggressively pursue cases against scammers and against those who facilitate their crimes by laundering the criminal proceeds.”

— Abe McGlothin, Jr., Acting U.S. Attorney, U.S. Attorney's Office, Eastern District of Texas

“The U.S. Secret Service extends our appreciation to the U.S. Attorney’s Office, Eastern District of Texas, for their efforts and partnership in this case. This case culminates the work of a great team of investigators and prosecutors that works tirelessly to protect the financial infrastructure of the United States.”

— Brad Schley, Resident Agent in Charge, U.S. Secret Service

Investigating agencies

U.S. Secret ServiceU.S. Postal Inspection ServiceU.S. Attorney's Office, Eastern District of TexasOrganized Crime Drug Enforcement Task ForcesU.S. Probation Office

Case details

Prosecuting office: Eastern District of Texas
Judge: Jeremy D. Kernodle, U.S. District Judge

Bank Secrecy Act ViolationCryptocurrency Money LaunderingFinancial Crimes EnforcementFraud Schemes (Romance, Business Email Compromise, Real Estate)International Cooperation And Cross-Border CrimeMulti-Agency Task Force Operation (Ocdetf / Operation Crypto Runner)

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.