U.S. Charges Pair With Bank Fraud in Cryptocurrency-Trading Case
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Federal prosecutors accused an Arizona man and an Israeli woman of providing illicit financial services to people using cryptocurrency, claiming they concealed the true nature of hundreds of millions of dollars flowing in and out of banks around the world.
Reginald Fowler, of Chandler, Arizona, and Ravid Yosef, of Tel Aviv, were accused of buying and selling cryptocurrency with counterparts around the world and misrepresenting the payments as real estate proceeds to banks where they had set up accounts.