Thursday, April 16, 2026
22.8 C
Los Angeles

AUSTRAC opens enrolment for new professions in next step for AML reforms

AUSTRAC is implementing the next phase of...

Revision of “Guidelines for Anti-Money Laundering and Combating the Financing of Terrorism”

The FSA revised "Guidelines for Anti-Money Laundering...

Sanctions Notice – ISIL (Da’esh) and Al-Qaida (UN Resolution 1267)

Please be advised that the Security Council...

Koreatown Man Arrested on Charges that He Obtained More Than $2 Million in COVID Business Loans That He Invested in Cryptocurrency

CryptoKoreatown Man Arrested on Charges that He Obtained More Than $2 Million in COVID Business Loans That He Invested in Cryptocurrency

A rideshare driver from the Koreatown neighborhood of Los Angeles has been arrested on a five-count federal indictment charging him with fraudulently obtaining more than $2 million in COVID-19 pandemic business-relief loans on behalf of his nonexistent companies, which he instead used to buy cryptocurrency, the Justice Department announced today.

Story from www.justice.gov

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

Check out our other content

Ad


Check out other tags:

Most Popular Articles