Framingham Business Owner Guilty In Money Transmitting Business Case

FRAMINGHAM, MA — A Framingham man pleaded guilty today to operating an unlicensed money transmitting business.

Luiz DaSilva, 69, pleaded guilty to one count of operating an unlicensed money transmitting business before U.S. District Court Judge Nathaniel M. Gorton, who scheduled sentencing for April 4, 2024.

DaSilva was arrested and charged in December 2022.

Starting around October 2018 through about October 2020, DaSilva failed to comply with federal registration requirements for money transmitting businesses in operating his business, Mix Cell Phones, LLC, officials said.

The charge of operating an unlicensed money transmitting business could lead to a sentence of up to five years in prison, up to three years of supervised release and a fine of up to $250,000.