U.S. Prosecutors Seek Recovery of $7.1 Million in Virtual Assets Over Fraud and Money Laundering Charges
JH Kim
Summary
- U.S. prosecutors have announced that they filed a civil lawsuit seeking recovery of virtual assets worth $7.1 million.
- The defendant is accused of laundering funds raised under the pretense of oil and gas investments through virtual assets.
- Prosecutors concluded that the funds were illegally obtained and are currently working on recovery.
According to The Block, a cryptocurrency-focused U.S. media outlet, on the 22nd (local time), U.S. prosecutors have filed a civil lawsuit to recover approximately $7.1 million in virtual assets related to a fraud case.
The defendant in this case is accused of soliciting funds under the guise of oil and gas investments and then laundering the funds through virtual assets. Prosecutors have determined that the funds were illegally generated and are working to recover them.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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