CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CoinGape 2023-11-16 19:34:23

DOJ Cracks Down on $10 Million Bank-Crypto Fraud Ring

The U.S. Department of Justice (DOJ) recently announced the arrest of Zhong Shi Gao, Naifeng Xu, and Fei Jiang. These individuals face charges for their roles in a complex fraud operation. The scheme, lasting from 2018 to 2022, involved over $10 million stolen from banks and financial institutions. These funds were then illicitly converted into The post DOJ Cracks Down on $10 Million Bank-Crypto Fraud Ring appeared first on CoinGape .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.