Alleged Crypto Investment Scam Worth $80M Sees Four People Charged With Money Laundering in U.S.

Alleged Crypto Investment Scam Worth $80M Sees Four People Charged With Money Laundering in U.S. The four allegedly obtained the money through so-called pig-butchering and other fraudulent schemes. A scheme for allegedly laundering the proceeds of crypto investment scams has resulted in charges against four people in Los Angeles, the U.S. Department of Justice (DOJ) said on Thursday. The four allegedly opened shell companies and bank accounts to launder more than $80 million of victims’ funds obtained through so-called pig butchering and other fraudulent schemes, the DOJ said. In “pig butchering” scammers contact their victims through dating websites or social media, gaining their trust before eventually pitching a money-making opportunity involving cryptocurrency. The individuals inv