CLEVELAND, Ohio —A Cleveland man is accused of running a $3 million illegal cryptocurrency exchange.
Donald G. Greene III had no license to operate a currency exchange and did so to avoid paying fees associated with currency exchanges, according to court records. He kept about 12% to 28% of each transaction for himself, according to authorities.
Greene, 36, is charged in federal court in Cleveland with operating an unlicensed money transmitting business. He was charged via information, meaning he agreed to skip grand jury proceedings. It typically signifies a defendant intends to plead guilty to the charge.
Greene’s attorney, Michael Goldberg, said his client is “taking responsibility” for his actions.
“He’s hoping to put this all behind him,” Goldberg said.
Greene operated the bitcoin exchange from about February to September 2022. He had five main clients, all from India, who funneled him $3 million to exchange, according…
