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25-Year Sentence Faced By Unlicensed Crypto Exchange Operator Last Updated: 02 February 2021 Hugo Sergio Mejia stands as a peer-to-peer crypto trader that has gotten into a fair amount of trouble. The 49-year-old has recently pleaded guilty on charges of operating an unlicensed money transmitting business, as well as money laundering. The Charges On The Table Mejia has been hit with accusations from the US Attorney’s Office, with the allegations detailing how he used an array of limited liability corporations. These corporations were used in such a way to disguise his operations’ true nature as he was exchange cash for Bitcoin. The entire process spanned for over two years, and would’ve continued had it not been seen.

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