MANTORVILLE – A Pine Island man was sentenced to five years probation in Dodge County District Court on Wednesday, June 28, 2022 for using cryptocurrencies to launder more than $1 million in money in 2021.
Daniel Joseph Rezak, 37, pleaded guilty to three counts of concealing the proceeds of crime in May 2022. As part of the plea, seven criminal offenses that concealed criminal proceedings were discontinued.
District Judge Jodi Williamson also ordered Razak to serve 100 hours of community service on Wednesday.
According to the criminal complaint:
Razack was involved in a money laundering scheme in which he deposited large amounts of money into checking accounts under his own name. Many people will then collect the funds and deposit them into cryptocurrency accounts at Kraken and Gemini, two exchanges used to buy and sell cryptocurrencies.
Rezak told a Dodge County MP and a senior US Secret Service special agent during an interview in July 2021 that he had been contacted via Facebook by a UK man and had been in touch with him via email and web applications. The conversation continued. The Brit asked Razack to act as a middleman for a money laundering scheme for a fee. Rezak told law enforcement that he signed an employment contract with the man.
According to bank statements provided to law enforcement by Rezak, between April 2021 and January 2021, he deposited $1,114,878 into various bank accounts and transferred $1,081,265. Rayjack had a profit of $33,513 after the transaction.
A Secret Service agent told Razack that he was acting as a “money mule” and that what he was doing was illegal. Rezak told law enforcement that he knew his actions were illegal and at one point attempted to leave before he could speak to the plan to continue.