Australian Spouses Arrested For Crypto Money Laundering

News
Thu, 09/27/2018 - 08:03
Yuri Molchan
A husband and a wife have been taken into custody with over 50 charges against them.The spouses set up over 40 companies to launder money they obtained through frauds
Cover image via U.Today

A husband and a wife in New South Wales have been taken into custody on Thursday with over 50 charges against them. The police report that the spouses set up over 40 companies to launder money they obtained through frauds. They managed to transfer $300,000 into crypto coins and sent them to offshore accounts. The money, allegedly, was acquired using fake credit cards and stolen identities.

The local police said that anonymous and decentralized electronic money makes life harder for them and easy for criminals.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.


This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings