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(CN) – A Tampa, Florida man was sentenced to 5 1/2 years in prison on Tuesday for helping criminals process illegal bitcoin transactions.
Before the sentencing, U.S. District Judge Alison Nathan rebuked a sobbing Anthony Murgio for using a “pyramid of lies” to further his enterprise.
Murgio pleaded guilty earlier to federal charges earlier this year, as his his father, a former Palm Beach County, Florida school board member.
Prosecutors said Murgio processed more than $10 million in illegal bitcoin transactions from April 2013 through July 2015.
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