‘Crypto ATMs were money laundering machines’

A fraudster who ran a £2.6m money laundering scheme using a network of crypto currency ATM machines in convenience stores across the country has been jailed for four years. Nigerian Olumide Osunkoya, 46, allowed his customers to feed wads of cash into the machines in exchange for Bitcoin and other digital currencies. The money put into the machine was often either cash from the proceeds of crime – or money being hidden from the taxman, Southwark Crown Court heard. When…