"The U.S. Department of Justice announced that a long-running business email compromise case resulted in convictions against 25 defendants, with cryptocurrency linked to the financial trail."
"The $215 million scheme employed hacked email accounts and deceptive payment instructions, targeting over 1,000 victims, including individuals and businesses across the globe."
"Prosecutors stated that the scheme spanned 47 states and 19 countries, highlighting the extensive reach and impact of the fraudulent activities."
"After a four-day trial, a federal jury found three individuals guilty of wire fraud conspiracy, with additional charges of money laundering for two of them."
Federal prosecutors secured convictions against 25 defendants involved in a $215 million business email compromise scheme. The scheme affected more than 1,000 victims and utilized hacked email accounts and deceptive payment requests. Cryptocurrency was traced among the assets in this global fraud network, which spanned 47 states and 19 countries. The U.S. Attorney's Office reported that the scheme involved wire fraud conspiracy and money laundering. Sentencing decisions will be based on each defendant's role and conduct in the scheme.
Read at news.bitcoin.com
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