By Pat Grossmith, Manchester Ink Link
CONCORD, NH – Six New Hampshire residents are under federal indictment in a scheme that enabled people to exchange more than $10 million for virtual currency, such as bitcoin.
According to the U.S. District Court indictment, the co-conspirators tricked financial institutions into believing their accounts were for receiving church donations and to conduct church outreach when they were operating accounts for their unlawful virtual currency exchange business. In carrying out the business, they used personal accounts or accounts opened in names of purported religious entities including the Shire Free Church, the Crypto Church of NH, the Church of the Invisible Hand and the Reformed Satanic Church.
Tuesday morning, the FBI raided several Keene properties associated with a libertarian-styled group referred to as Free Keene and at 1 p.m., the U.S. Attorney’s Office issued a news release with the names of those indicted by a federal grand jury for participating in a conspiracy to operate an unlicensed money transmitting business and “other offenses.”