Two Indicted in East Texas Cryptocurrency Money Laundering Scheme

Mar 10, 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 75-year-old woman and a 33-year-old man have been indicted for their roles in a cryptocurrency money laundering scheme in the Eastern District of Texas, announced U.S. Attorney Brit Featherston.

District

Eastern Texas

Announced

Mar 10, 2022

Status

Charged

Defendants

Lois Boyd — age 75 · Amelia Court House, VA · indicted
Manik Mehtani — age 33 · McLean, VA · indicted

Charges

Violation of the Travel Act
Max: 20 years in prisonLois Boyd· indicted
Money laundering
Max: 20 years in prisonLois Boyd· indicted
Money laundering conspiracy
Max: 20 years in prisonLois Boyd· indicted
Violation of the Travel Act
Max: 20 years in prisonManik Mehtani· indicted
Money laundering
Max: 20 years in prisonManik Mehtani· indicted
Money laundering conspiracy
Max: 20 years in prisonManik Mehtani· indicted

Financial actions

seizure: $450,000 — Money the defendants attempted to exchange for Bitcoin in Longview, Texas, seized when they were temporarily detained
money laundering: $750,000.00 — Criminal proceeds allegedly laundered by Boyd, Mehtani, and their co-conspirators through cryptocurrency

Investigating agencies

U.S. Secret ServiceU.S. Postal Inspection ServiceU.S. Attorney's Office for the Eastern District of TexasOrganized Crime Drug Enforcement Task Forces

Case details

Prosecuting office: Eastern District of Texas
Assets: Bitcoin

Asset SeizureCryptocurrency Money LaunderingFraud ProceedsInternational Cooperation / Foreign Co-ConspiratorsInterstate Travel In Aid Of Racketeering (Travel Act)Organized Crime Drug Enforcement Task Forces (Ocdetf)Structuring Deposits

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.