Twenty-six-year-old Esteban Cabrera da Corte, a crew captain in Miami, pleaded guilty to defrauding US banks and ” Cryptocurrency exchange
Read this termOver $4 million in fraudulent reversals. US prosecutors said on Wednesday that Da Corte published fake and stolen identities to perpetrate the scheme.
According to Damian Williams, the US Attorney for the Southern District of New York, around March 2020 Da Corte and his co-conspirators opened various accounts with an unnamed crypto exchange using fake US passports, driver’s licenses, and stolen personal information. These accounts were then linked to bank accounts managed by Da Corte and his crew.
Furthermore, the Department of Justice (DOJ) clarified in the statement that Da Corte and his crew bought Digital currencies
Read this term From exchanging cryptocurrencies using cash deposited in bank accounts via automated teller machines (ATM). However, this cryptocurrency purchase was immediately transferred to other OTC digital asset wallets controlled by the crew.
Following the operation, prosecutors alleged that Da Corte and his team began making phone calls to their bank account providers in the United States, falsely claiming that cryptocurrency transactions were unauthorized. As a result of their claims, the plaintiffs said, the banks reneged on the purchases.
“The operation of this scheme by the defendants resulted in US banks processing more than $4 million in fraudulent setbacks and the Cryptocurrency Exchange losing more than $3.5 million in cryptocurrency,” the DOJ added.
A man faces up to 20 years in prison
As a result of da Corte’s guilty plea to conspiracy to commit wire fraud, he now faces up to 20 years in prison, prosecutors said, adding that the crew captain agreed to pay nearly $3.6 million in restitution. He also agreed to forfeit $1.2 million.
“Our office will continue to actively work with our law enforcement partners to protect the integrity of U.S. banks and financial markets to the fullest extent permitted by law from those who seek to enrich themselves through fraud and deception, including those who attempt to conceal themselves in anonymity,” Williams said. in digital transactions.
FMA identifies a fraudulent broker; new forex pairs on Admirals; Read snippets of today’s news.
Twenty-six-year-old Esteban Cabrera da Corte, a crew captain in Miami, pleaded guilty to defrauding US banks and ” Cryptocurrency exchange
Read this termOver $4 million in fraudulent reversals. US prosecutors said on Wednesday that Da Corte published fake and stolen identities to perpetrate the scheme.
According to Damian Williams, the US Attorney for the Southern District of New York, around March 2020 Da Corte and his co-conspirators opened various accounts with an unnamed crypto exchange using fake US passports, driver’s licenses, and stolen personal information. These accounts were then linked to bank accounts managed by Da Corte and his crew.
Furthermore, the Department of Justice (DOJ) clarified in the statement that Da Corte and his crew bought Digital currencies
Read this term From exchanging cryptocurrencies using cash deposited in bank accounts via automated teller machines (ATM). However, this cryptocurrency purchase was immediately transferred to other OTC digital asset wallets controlled by the crew.
Following the operation, prosecutors alleged that Da Corte and his team began making phone calls to their bank account providers in the United States, falsely claiming that cryptocurrency transactions were unauthorized. As a result of their claims, the plaintiffs said, the banks reneged on the purchases.
“The operation of this scheme by the defendants resulted in US banks processing more than $4 million in fraudulent setbacks and the Cryptocurrency Exchange losing more than $3.5 million in cryptocurrency,” the DOJ added.
A man faces up to 20 years in prison
As a result of da Corte’s guilty plea to conspiracy to commit wire fraud, he now faces up to 20 years in prison, prosecutors said, adding that the crew captain agreed to pay nearly $3.6 million in restitution. He also agreed to forfeit $1.2 million.
“Our office will continue to actively work with our law enforcement partners to protect the integrity of U.S. banks and financial markets to the fullest extent permitted by law from those who seek to enrich themselves through fraud and deception, including those who attempt to conceal themselves in anonymity,” Williams said. in digital transactions.
FMA identifies a fraudulent broker; new forex pairs on Admirals; Read snippets of today’s news.