The U.S. government secured a 25-year sentence for fraudster Sam Bankman-Fried, claiming a $12 billion loss, disputed as potentially zero. Multiple arrests were made in a $73 million 'pig butchering' laundering scheme, with suspects linked to North Korean government proceeds. Daren Li and Yicheng Zhang were arrested for a $73 million money laundering scheme involving Deltec.
U.S. authorities arrested Daren Li and Yicheng Zhang for masterminding a $73M money laundering scheme. https://t.co/uU2MWpkljm
Crypto scam money launderers charged for laundering more than $73 million through Deltec May 17, 2024 https://t.co/3nW8Mjaat9
JUST IN: TWO PEOPLE ARRESTED IN $73M PIG BUTCHERING SCHEME
Prosecutors arrest two for laundering $73 million in 'pig butchering' scheme https://t.co/WfZhflNr7I
The Justice Department announced Thursday multiple arrests in a series of complex stolen identity theft cases that officials say are part of a wide-ranging scheme that generates enormous proceeds for the North Korean government, including for its... https://t.co/rs7TMJLS9a
US arrests suspects behind $73M ‘pig butchering’ laundering scheme https://t.co/COUCqhk9ha
In securing a 25-year sentence for fraudster Sam Bankman-Fried, the U.S. government claimed a loss of $12 billion. The actual loss? Arguably zero. And certainly nothing like $12 billion, write Richard Dewey & Aaron Brown. https://t.co/jG0BbvsH69