By Tyler Durden
With intriguingly coincidental timing, as cryptocurrencies reach mainstream and grab the world’s attention, the US Justice Department has unsealed a grand-jury indictment that shows a Long Island woman has been indicted on charges that she tried to funnel money to ISIS using Bitcoin.
The Eastern District of New York press release details the crimes…
Long Island Woman Indicted for Bank Fraud and Money Laundering to Support Terrorists – Defendant Stole and Laundered Over $85,000 Using Bitcoin and Other Cryptocurrencies
As alleged in the indictment and court filings, the defendant defrauded numerous financial institutions and obtained over $85,000 in illicit proceeds, which she converted to Bitcoin and other cryptocurrencies. She then laundered and transferred the funds out of the country to support the Islamic State of Iraq and al-Sham (“ISIS”), which has been designated by the U.S. Secretary of State as a foreign terrorist organization. After consummating the scheme, the defendant attempted to leave the United States and travel to Syria.
…“As alleged, the defendant Zoobia Shahnaz engaged in a bank fraud scheme, purchased Bitcoin and other cryptocurrencies and laundered money overseas, intending to put thousands of dollars into the coffers of terrorists,” stated Acting United States Attorney Rohde. …read more