A U.S. court has sentenced Maximilien de Hoop Cartier to eight years in prison. The case centered on a $470 million crypto laundering network. Prosecutors said the money came from drug proceeds and other crime funds. Cartier is a descendant of the Cartier luxury jewelry family. Court Hands Down Eight-Year Sentence The court sentenced Cartier after he pleaded guilty to two charges. These were operating an unlicensed money transmitting business and conspiracy to commit bank fraud. Prosecutors announced the sentence in a statement on Tuesday. The case focused on an over-the-counter cryptocurrency exchange. Prosecutors ... (full story)