US charges 21 people with crypto money laundering

Wednesday, 30. November 2022 20:51

The United States Attorney's Office for the Eastern District of Texas said on Wednesday it charged 21 people for participating in a transnational crypto money-laundering network that targeted thousands of Americans, particularly the elderly.

Law enforcement officials noted the accused laundered million in funds scammed from the victims and added that law enforcement managed to disrupt the flow of over $300 million in laundered transactions and seize millions in cash and cryptocurrency.

"These arrests are just the beginning. We are committed to bringing each of the remaining perpetrators to justice," Secret Service Special Agent William Smarr said.

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