The three men, residents of Miami, bought more than $4 million in cryptocurrency by opening accounts with a leading cryptocurrency exchange using photos of fake U.S. passports and drivers’ licenses, according to an unsealed indictment.
The accounts were linked to bank accounts controlled by the trio. After purchasing the cryptocurrency, the men quickly transferred it to cryptocurrency wallets outside of the exchange. They then called the banks and said the purchases were unauthorized, prompting the banks to reimburse them.
‘Enforcement 40’ for 2020
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