Virginia Woman Sentenced in Cryptocurrency Money Laundering Conspiracy

Feb 21, 2023 · 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.

A Virginia woman has been sentenced to federal prison for her role in a cryptocurrency money laundering conspiracy in the Eastern District of Texas, announced U.S. Attorney Brit Featherston.

District

Eastern Texas

Announced

Feb 21, 2023

Status

Sentenced

Defendants

Lois Boyd — age 76 · Amelia Court House, Virginia · sentenced
Deependra Bhusal — age 47 · Irving, Texas · sentenced

Charges

Interstate travel in aid of racketeering enterprises
Lois Boyd· pleaded guilty; sentenced to 37 months in federal prison
Money laundering
Lois Boyd· indicted
Cryptocurrency money laundering conspiracy
Deependra Bhusal· sentenced to 46 months in federal prison

Financial actions

seizure: $450,000 — Criminal proceeds that Boyd and co-conspirators attempted to exchange for Bitcoin in Longview, Texas

Investigating agencies

U.S. Attorney's Office, Eastern District of TexasU.S. Secret ServiceU.S. Postal Inspection ServiceOrganized Crime Drug Enforcement Task ForcesCriminal Division's Fraud SectionComputer Crime and Intellectual Property SectionOffice of International Affairs

Case details

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

ConspiracyCryptocurrencyFraud SchemesInternational CooperationInterstate Travel In Aid Of RacketeeringMoney LaunderingMulti-Agency Law Enforcement CooperationOperation Crypto Runner / OcdetfTransnational Criminal Organization

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.