Following the surrender of BitMEX founder Ben Delo to US authorities, Greg Dwyer – another senior employee of BitMEX – is still in talks regarding his surrender, and has not been taken into custody.
In Breach Of Sanctions
The Australian national from Sydney is accused – alongside CEO Ben Delo and high-profile individuals affiliated with BitMEX, namely Sam Reed and Arthur Hayes – of violating Anti-Money Laundering (AML) regulations, as well as allegedly allowing sanctioned individuals to access the services BitMEX offered.
More precisely, the US Department of Justice (DOJ) accused the individuals involved of “deliberately and willfully breaching money laundering laws including knowingly accepting fake passports by traders from Iran”. They are also accused of breaching US sanctions and letting bad actors engage in money laundering on the BitMEX platform. If found guilty, the defendants could end up facing up to 5 years behind bars. Mr Reed and Mr Delo have turned themselves in and are currently out of custody, having paid bail. Both founders have pleaded not guilty on all counts.
Arthur Hayes has reached a deal with US authorities and will be turning himself in after the Easter holiday in Hawaii. He will then be immediately released on bail, after handing over the necessary $10 million.
Greg Dwyer, however, is at large in an unknown location – last seen in the Bermudas.
However, Mr. Dwyer’s’ lawyer – Jenna Dabbs – has stated that he intends to defend himself in court.
“We have been in touch with the government on this matter and Mr Dwyer has every intention to defend himself in court against these meritless charges. (He) always worked collaboratively with his colleagues, and in good faith, to comply with all applicable regulations and requirements”.
Mrs Dabbs has also stated that Mr Dwyer was not the one responsible for setting up the AML side of the business.
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