Khadijah Chapman of Georgia, Daniel Labrum of Utah, and Eric O’Neil of Connecticut were all charged in separate indictments with submitting fraudulent Paycheck Protection Program (PPP) loan applications. According to the DOJ, all three defendants submitted falsified information seeking PPP loans for fictitious businesses, and ultimately obtained a collective $2.4 million.
All defendants were charged with bank fraud, and Labrum was also charged with engaging in monetary transactions with criminally derived proceeds. Each bank fraud count carries a maximum of 30 years imprisonment, and Labrum faces an additional 10 years imprisonment for the additional count.
A copy of DOJ’s press release can be found here.
Gregory Dwyer, the Head of Business Development for online cryptocurrency derivatives exchange BitMEX, pleaded guilty to violating the Bank Secrecy Act (BSA) by allegedly willfully failing to establish, implement, and maintain an anti-money laundering program at BitMEX. Dwyer faces up to five years imprisonment and has agreed to pay a $150,000 criminal fine.
According to the DOJ, from 2015 to around September 2020, Dwyer and BitMEX’s founders allowed BitMEX to essentially become a money laundering platform by failing to implement a “know your customer” (KYC) program. Dwyer is alleged to have implemented sham controls that purportedly prevented US trading in order to evidence BitMEX’s...
In recent days, false information has circulated on social media, falsely presented as statements issued by official institutions regarding prevailing weather conditions across the island. In respo...