Timothy Wadsworth, a 35-year-old New York resident, was sentenced to 51 months in federal prison and ordered to pay $811,000 in restitution after pleading guilty to conspiracy to commit wire fraud and money laundering. The U.S. Attorney's Office for the Western District of New York announced the sentencing on October 26.
Between March and May 2020, Wadsworth used unauthorized credit card numbers provided by co-conspirators to attempt 310 payments totaling approximately $1.67 million through Stripe. Of those attempts, 116 succeeded, yielding $730,000. He transferred the illicit funds into bank accounts under his control, moved them to Coinbase to purchase Bitcoin, and sent the cryptocurrency to his co-conspirators.
The broader scheme also involved fraudulent applications for pandemic-era PPP and EIDL loans, unemployment benefits, and romance scams, resulting in total losses of approximately $2.06 million.
New York Man Sentenced to 51 Months for Bitcoin Money Laundering Scheme
Sorumluluk Reddi: Phemex Haberler'de sunulan içerik yalnızca bilgilendirme amaçlıdır. Üçüncü taraf makalelerden alınan bilgilerin kalitesi, doğruluğu veya eksiksizliğini garanti etmiyoruz. Bu sayfadaki içerik finansal veya yatırım tavsiyesi niteliği taşımaz. Yatırım kararları vermeden önce kendi araştırmanızı yapmanızı ve nitelikli bir finans danışmanına başvurmanızı şiddetle tavsiye ederiz.
