FBI Cracks $8.3M Crypto Fraud: Launderer Sentenced to Prison and $2.3M Repayment

Quick Summary:

A Maryland Heights man, Richard Charles Appelbaum III, has been sentenced to three years in prison and ordered to repay $2.3 million for his role in laundering millions through cryptocurrency.

Appelbaum, 40, conspired with others to funnel proceeds from Business Email Compromise (BEC) and romance fraud schemes into cryptocurrency via Coins2trade.Recruited by "E.S.

FBI Cracks $8.3M Crypto Fraud: Launderer Sentenced to Prison and $2.

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Article Details

Category: Crypto

Markets: JapanOman

Topics: FBI News Bytes News Bytes - 2

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-06 @ 05:30:38 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Readers: 61 people read this story

Article Length: 12 words

Reading Time: 1 minutes read

Sentences: 1 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 24161626

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 11 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 8 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #62

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