Texas Man Sentenced in Cryptocurrency Money Laundering Conspiracy

Apr 6, 2022 · Sourced to the U.S. Department of Justice

This case reached the sentenced stage in the Department of Justice's public record. Everything below reflects only what the government itself announced, and links to the original release.

Deependra Bhusal was sentenced to 46 months in federal prison for conspiracy to commit money laundering.

District

Eastern Texas

Announced

Apr 6, 2022

Status

Sentenced

Defendants

Deependra Bhusal — age 46 · Irving, Texas · sentenced
Lois Boyd — age 75 · Amelia Court House, Virginia · indicted
Manik Mehtani — age 33 · McLean, Virginia · indicted

Charges

Conspiracy to commit money laundering
Max: 46 months in federal prisonDeependra Bhusal· pleaded guilty
Violation of the Travel Act
Max: 20 years in federal prisonLois Boyd· indicted
Money laundering
Max: 20 years in federal prisonLois Boyd· indicted
Money laundering conspiracy
Max: 20 years in federal prisonLois Boyd· indicted
Violation of the Travel Act
Max: 20 years in federal prisonManik Mehtani· indicted
Money laundering
Max: 20 years in federal prisonManik Mehtani· indicted
Money laundering conspiracy
Max: 20 years in federal prisonManik Mehtani· indicted

Financial actions

money laundering: $450,000 — Attempted to exchange approximately $450,000 in criminal proceeds for Bitcoin in Longview, Texas
money laundering: $1,437,358.99 — Bhusal was personally responsible for laundering criminal proceeds

Investigating agencies

United States Attorney's Office for the Eastern District of TexasU.S. Secret ServiceU.S. Postal Inspection ServiceOrganized Crime Drug Enforcement Task Forces

Case details

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

CryptocurrencyFederal Prosecution And SentencingFraud ScamsInternational Cooperation / Foreign Co-ConspiratorsMoney LaunderingOrganized Crime / Ocdetf OperationStructuring / Evasion Of Reporting RequirementsTravel Act Violation

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.