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Federal Prison Updates

Newcastle, Washington man sentenced to 5 years in prison for helping overseas fraudsters smuggle their proceeds via money transfers and bitcoin

Seattle – A 47-year-old resident of Newcastle, Washington, was sentenced today in U.S. District Court in Seattle to five years in prison for conspiracy to commit money laundering for his scheme to take in fraud proceeds and forward them to coconspirators’ bank accounts and cryptocurrency addresses, announced First Assistant U.S. Attorney Charles Neil Floyd. 

Source: U.S. Department of Justice

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