The Department of Justice (DOJ) announced that Florida businessperson Christopher James Scanlon is facing federal charges for allegedly operating an unlicensed cryptocurrency and fiat currency acceptance business. Christopher James Scanlon, originally from Utah, was arrested at Miami International Airport on October 10 and subsequently pleaded not guilty in federal court in Newark. According to the indictment, Aurae Lifestyle and Club Swan CEO Christopher James Scanlon managed entities such as PMA Media Group and AU Card LLC, which provide cryptocurrency and traditional financial services. Prosecutors allege that the businesses were never registered with FinCEN as money transfer institutions as required by federal law. The Department of Justice noted that conspiracy is punishable by up to five years in prison and a fine of up to $250,000, or twice the defendant's financial gain or the victim's financial loss, whichever is greater.