In a series of recent legal actions, several individuals have been sentenced for various financial crimes. A former attorney received a 25-year prison sentence for fraud and embezzlement linked to the collapse of Washington Federal Bank. Another lawyer was sentenced to 10 years for laundering $400 million in OneCoin fraud proceeds through offshore accounts. A former Los Angeles city councilmember was sentenced to 13 years for racketeering and tax evasion related to a multimillion-dollar bribery scheme. Additionally, a Texas man was sentenced to over 14 years for defrauding the IRS out of $110 million using stolen identities. A former employee of the Jacksonville Jaguars was sentenced to 6 years and 6 months for embezzling more than $22 million from the team. In a separate case, Bitcoin investor Frank Richard Ahlgren III was sentenced to two years in prison for tax crimes involving the underreporting of $3.7 million in capital gains and was ordered to pay $1 million in restitution. Ahlgren III also concealed nearly $124 million in Bitcoin using mixing services, and a Texas federal court has ordered him to surrender all crypto keys and related devices.
NEW: Bitcoin investor Frank Richard Ahlgren III was sentenced to two years in prison for tax crimes. He pleaded guilty to underreporting $3.7M in capital gains and was ordered to pay $1M in restitution. Ahlgren III also concealed nearly $124M in Bitcoin using mixing services… https://t.co/SF0966J06D
NEW: Bitcoin investor Frank Richard Ahlgren III was sentenced to two years in prison for tax crimes related to cryptocurrency transactions. He pleaded guilty to underreporting $3.7M in capital gains and was ordered to pay $1M in restitution. Ahlgren III also concealed nearly… https://t.co/kn5iP5n4s9
Texas Court Orders Bitcoin Investor to Surrender Keys to $124 Million Stash ► https://t.co/4OtG7mW48Y https://t.co/4OtG7mW48Y