A Manhattan federal jury on 6 Aug. delivered a partial verdict within the trial of Twister Money co-founder Roman Storm, convicting him of conspiring to function an unlicensed money-transmitting enterprise. The choice got here after Decide Katherine Polk Failla issued an “Allen cost” urging jurors to proceed deliberations once they reported an deadlock earlier within the day.
The panel couldn’t attain unanimity on two extra critical counts—conspiracy to launder cash and conspiracy to violate U.S. sanctions—main the court docket to declare a mistrial on these fees. Prosecutors indicated they might search a retrial on the unresolved counts.
Prosecutors alleged Storm’s cryptocurrency “mixer” facilitated greater than $1 billion in illicit transactions, together with funds linked to North Korean hackers. The only real conviction, underneath 18 U.S.C. § 1960, carries a statutory most sentence of 5 years, far beneath the 45 years Storm would have confronted had he been discovered responsible on all counts.
Following the decision, the federal government requested that Storm be remanded, citing what it known as flight-risk elements, however Decide Failla allowed him to stay free on bond pending sentencing. A listening to date has not but been set.
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