FBI Cracks $8.3M Crypto Fraud: Launderer Sentenced to Prison and $2.3M Repayment

A Maryland Heights man, Richard Charles Appelbaum III, has been sentenced to 3 years in jail and ordered to repay $2.3 million for his position in laundering thousands and thousands via cryptocurrency. Appelbaum, 40, conspired with others to funnel proceeds from Enterprise Electronic mail Compromise (BEC) and romance fraud schemes into cryptocurrency through Coins2trade. Recruited by “E.S.,” allegedly […]



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