Chicago area suspects charged for illegal cryptocurrency kiosk operation

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The charges are related to a police search warrant executed in Lisle on Wednesday.

– A business and three individuals facing charges in Ohio for illegally owning and operating cryptocurrency kiosks and bilked victims, including the elderly, out of millions of dollars have ties to suburban Chicago communities.

"Obviously this was a very complex operation," said Michael C. O'Malley, the Cuyahoga County Prosecutor."All of these warrants were executed yesterday. There were over 100 law enforcement officers involved and it was a very complex operation." Sonny Meraban, the owner and founder of S and P Solutions, was arrested at his residence in Miami, Florida.

Bitcoin of America has 2,500 ATMs across 31 states. CBS 2 found several machines in River North. One inside a corner market had a warning sign on it saying"If the person depositing money was instructed to make a payment to the IRS or Social Security Administration, they are most likely the victim of a scam."

 

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2 Chicago area residents charged in Ohio cryptocurrency scheme after Lisle company raidedLisle police helped the U.S. Secret Service execute a search warrant at the headquarters to S & P Solutions, also known as Bitcoin of America.
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