Two Indicted in Cryptocurrency Money Laundering Conspiracy

Nov 18, 2022 · Sourced to the U.S. Department of Justice

The charges described here are allegations. The defendant(s) are presumed innocent unless and until proven guilty in a court of law. This page reflects only what the Department of Justice has publicly announced, and links to the original release.

TYLER, Texas – A Nevada man and a South Carolina man have been indicted in a cryptocurrency money laundering conspiracy in the Eastern District of Texas, announced U.S. Attorney Brit Featherston. Randall V. Rule, 71, of Reno, NV, and Gregory C.

District

Eastern Texas

Announced

Nov 18, 2022

Status

Charged

Defendants

Randall V. Rule — age 71 · Reno, NV · indicted
Gregory C. Nysewander — age 64 · Irmo, SC · indicted

Charges

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

Financial actions

money laundering: $2.4 million — Funds laundered through cryptocurrency from romance scams, business email compromises, real estate scams, and other fraudulent schemes

Investigating agencies

U.S. Attorney's Office, Eastern District of TexasU.S. Secret ServiceU.S. Postal Inspection ServiceOrganized Crime Drug Enforcement Task Forces

Case details

Prosecuting office: Eastern District of Texas

Bank Secrecy Act ViolationsCryptocurrency Money LaunderingFraud SchemesInternational Cooperation / Cross-Border CrimeMoney Laundering ConspiracyOrganized Crime Enforcement (Ocdetf)

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.