Ian Freeman outside of the federal courthouse in Concord, New Hampshire, in April 2023. Prosecutors said that he laundered proceeds of scams by exchanging dollars for the popular cryptocurrency, charging "exorbitant fees" in the process. Freeman earned more than $1 million through his business, which he had not registered as legally required with the Financial Crimes Enforcement Network, prosecutors said. "Freeman instructed bitcoin customers, who were often victims of scams, to lie to the financial institutions and describe their deposits as church donations. From 2016 to 2019, he paid no taxes, and concealed his income from the Internal Revenue Service," the office said.

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Persons: Ian Freeman, Freeman, laundered, Ian, Jane Young, Joseph Laplante Organizations: cryptocurrency, U.S ., Prosecutors, Financial, Network, New Hampshire U.S, U.S, District, Shire Free Church, of, Internal Revenue Service Locations: Concord , New Hampshire, New Hampshire, U.S, Shire, of New Hampshire