Posted 11/16/2023, 6:43:00 PM
Three Men Arrested for Allegedly Stealing $10 Million from Banks and Laundering Funds Through Cryptocurrency
- Three men arrested for allegedly stealing over $10 million from NY banks and converting funds to crypto
- Men posed as victims of fraudulent transfers to get banks to credit them double the "stolen" amounts
- Trio recruited foreign nationals to open bank accounts used to manage fake transfers
- Men face multiple charges including bank fraud, wire fraud, money laundering, and identity theft
- Charges carry potential maximum sentence of nearly 100 years in prison