A New York jury has convicted Las Vegas businessman Marty Mizrahi, the CEO and founder of a Las Vegas-based company, on federal fraud charges related to a multimillion-dollar fraud scheme. The charges include wire fraud, bank fraud, and other offenses stemming from Mizrahi's involvement in schemes to defraud banks and credit card companies, as well as laundering millions of dollars for a Mexican drug cartel. The fraudulent activities involved converting illicit funds into Bitcoin and transferring them to anonymous cryptocurrency wallets. Mizrahi, 51, was found guilty of laundering up to $4 million of cartel money using Bitcoin and defrauding banks of $8 million in fake credit card purchases.