Three men have been accused of stealing over $10 million from multiple New York-area banks between 2018 and 2022 by posing as victims of fraudulent money transfers. They allegedly converted the stolen funds into cryptocurrency in an attempt to make off with the money. The accused individuals have been arrested by the FBI and face charges including bank fraud conspiracy, money laundering conspiracy, and aggravated identity theft. The authorities have warned fraudsters and cybercriminals that they will be held accountable for their crimes, even if they try to use cryptocurrency to hide their identities.
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Three Men Accused of Duping New York Banks Out of $10 Million Through Fraudulent Transfers and Crypto Conversions
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