Golden Finance reported that a Montana man was convicted of cryptocurrency money laundering. Randall V. Rule, 73, a resident of Calispel, Montana, was found guilty of all charges by a jury after three days of trial. On November 16, 2022, a federal grand jury issued an indictment accusing Randall V. Rule and former Ilmore, South Carolina resident Gregory C. Nysewander alleged money laundering conspiracy, money laundering, and conspiracy against the Bank Secrecy Act. According to the indictment, Rule and Nysewander allegedly conspired with others to launder the proceeds of telecommunications fraud and mail fraud through cryptocurrency money laundering. The defendant converts the funds into cryptocurrency and sends the cryptocurrency to an account controlled by accomplices at home and abroad. The defendant and his accomplices made false statements and concealed important facts in order to avoid discovering the fraudulent nature of deposits, wire transfers and transfers. The defendant also made false statements and concealed important facts when filling out the account opening documents and communicating with financial institutions and cryptocurrency exchanges.