Two people in Estonia were arrested by the U.S. Department of Justice for a multi-company fraudulent crypto scheme worth $575 million.
If convicted, the duo may face 20 years in prison.
“They tried to hide their ill-gotten gains in Estonian properties, luxury cars, and bank accounts and virtual currency wallets around the world," said Assistant Attorney General Kenneth A. Polite, Jr. from the Criminal Division in the Department of Justice."U.S. and Estonian authorities are working to seize and restrain these assets and take the profit out of these crimes."
Turõgin and Potapenko were arrested on Nov. 20 and charged with “conspiracy to commit wire fraud, 16 counts of wire fraud, and one count of conspiracy to commit money laundering,” according to the Justice Department.
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