West Haven man indicted for running illegal money transferring business
William McNeilly, of New Haven, allegedly created two businesses without obtaining a license from the state Department of Banking.
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A West Haven man has been indicted for operating an unlicensed money transferring business, authorities said.
William McNeilly, of New Haven, allegedly created two businesses without obtaining a license from the state Department of Banking. Police said the businesses were used to exchange cryptocurrencies for customers' cash, checks, and money orders.
McNeilly is accused of transferring more than $1 million through his businesses, some of which came from illegal sources, including romance fraud schemes, authorities said.
He faces up to 35 years in prison if convicted.
