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 three years in prison and ordered to repay $2.3 million for his role in laundering millions through cryptocurrency. Appelbaum, 40, conspired with others to funnel proceeds from Business Email Compromise (BEC) and romance fraud schemes into cryptocurrency via Coins2trade. Recruited by “E.S.,” allegedly

Source: Bitcoin.com