简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Two persons, including an Indian-American, have been indicted by a US court for their roles in a cryptocurrency money laundering
Two persons, including an Indian-American, have been indicted by a US court for their roles in a cryptocurrency money laundering scheme, the Department of Justice said.
Lois Boyd, and Manik Mehtani — both from Virginia — face up to 20 years in federal prison.
According to the indictment, Boyd and Mehtani are alleged to have conspired with others to receive victim money derived from a variety of fraud schemes and launder the proceeds through cryptocurrency.
They allegedly have routinely structured deposits to avoid transaction reporting requirements and to conceal the nature and source of the criminal proceeds, the Department of Justice said.
They allegedly exchanged the criminal proceeds for cryptocurrency and directed the cryptocurrency to wallets under the control of their foreign co-conspirators, it said.
In August 2020, Boyd and Mehtani travelled to Longview, Texas, where they attempted to exchange more than $4,50,000 for Bitcoin. They were temporarily detained and the money was seized. In the course of their operation, Boyd, Mehtani, and their co-conspirators allegedly laundered more than $7,50,000, the federal prosecutors alleged.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
IG Group acquires Freetrade for £160M, boosting its UK investment offerings. Freetrade to operate independently, with plans for growth and innovation.
Webull introduces commission-free SMSF trading, offering over 3,500 US and Australian ETFs, with no brokerage fees and enhanced portfolio tools.
Safe-haven assets like gold and U.S. Treasuries are surging, while equities face mounting pressure. As this pivotal moment approaches, how will the market react?
Gold prices have hit record highs for three consecutive days, with a remarkable 19% gain in the first quarter, marking the strongest quarterly performance since 1986. As market risk aversion rises, demand for gold has surged significantly.