SW devs pled to the unlicensed money transmission conspiracy, in exchange for dropping the money laundering conspiracy.

Federal sentencing guidelines for the two charges together would have been 160-210 months, but the maximum for the money transmission charge is 60 (5 years).

Defendants agreed not to appeal their sentence if it’s five years or less. Sentencing set for November 6.

Keone, who was required by the judge to state his criminal conduct in his own words, gave a careful allocation that accurately stated that it was the SW users, and not the software, that “transmitted funds.”