NEWARK, N.J. – A businessman and former resident of Utah has been charged with illegally operating an unlicensed cash transmitting business enterprise, U.S. Lawyer Philip R. Sellinger announced now.
Christopher James Scanlon, 43, initially from Utah and now residing in the United Kingdom, is charged by complaint with a single count of conspiring to manage and personal an unlicensed cash transmitting business enterprise. Scanlon was arrested at Miami International Airport now and is anticipated to have his initial look in U.S. District Court for the Southern District of Florida on Friday.
According to documents filed in this case and statements created in court:
Scanlon was the president, chief executive officer, and founder of the brands Aurae Life-style and Club Swann. From as early as 2015 by means of 2019, Scanlon controlled a series of legal entities – PMA Media Group Inc. AU Card LLC AU Card Ltd., and Nvayo Ltd., (collectively, the “AU Entities”) – that he operated as a cash transmitting business enterprise to give fiat and cryptocurrency monetary solutions to prospects of Aurae Life-style. Scanlon served as a consumer service representative for a number of higher-net-worth Aurae Life-style prospects. He usually communicated with prospects about monetary transactions applying encrypted messaging applications and directed the AU Entities to conduct monetary transactions for prospects by means of U.S.-primarily based banks and cryptocurrency providers. Scanlon operated Aurae Life-style in the course of this time without the need of appropriately registering as a cash transmitting business enterprise with the Monetary Crimes Enforcement Network (FinCen), a bureau of the U.S. Treasury Division.
The conspiracy count carries a maximum term of imprisonment of 5 years, a fine of up to $250,000 or twice the pecuniary acquire to the defendant or loss to the victims, whichever is greatest.
U.S. Lawyer Sellinger credited particular agents of IRS – Criminal Investigation, beneath the path of Particular Agent in Charge Tammy Tomlins, and particular agents of the U.S. Attorney’s workplace, beneath the path of Particular Agent in Charge Thomas Mahoney, with the investigation major to the charges.
The government is represented by Assistant U.S. Attorneys Jamie Hoxie Solano and Sophie E. Reiter of the Cybercrime Unit in Newark.
The charge and allegations contained in the complaint are merely accusations, and the defendant is presumed innocent unless and till verified guilty.