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

A Maryland Heights man, Richard Charles Appelbaum III, has been sentenced to a few years in jail and ordered to repay $2.3 million for his position in laundering hundreds of thousands by way of cryptocurrency. Appelbaum, 40, conspired with others to funnel proceeds from Enterprise Electronic mail Compromise (BEC) and romance fraud schemes into cryptocurrency by way of Coins2trade. Recruited by “E.S.,” allegedly […]



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