The owner of a Queens-based Internet currency-exchange business, Bidding Expert Inc., is going to prison on a tax conviction.
Manhattan US Attorney Preet Bharara announced the two-year sentence yesterday for Ilya Boruch of Forest Hills, Queens.
Boruch was convicted of conspiring to hide more than $390,000 from the IRS.
Prosecutors say he repeatedly met with two other people on street corners to pick up “vast quantities of cash” in shopping bags.
Authorities say those people had obtained hundreds of stolen bank account numbers and PINs from overseas co-conspirators.
Boruch converted the cash through the Russia-based WebMoney system.
He was acquitted of money-laundering conspiracy.