Each of the accused men has been arrested by the Federal Bureau of Investigation and faces four criminal charges in U.S. District Court for the Southern District of New York: bank fraud conspiracy, conspiracy to commit wire fraud affecting a financial institution, money laundering conspiracy and aggravated identity theft. The maximum sentence for all the charges combined could amount to nearly 100 years, the release shows.
Source: https://www.coindesk.com/policy/2023/11/16/fbi-arrests-trio-accused-of-bilking-banks-out-of-10m-converting-funds-to-crypto/?utm_medium=referral&utm_source=rss&utm_campaign=headlines