White-Collar Fraudster Jailed in UK After Converting $650K in Company Funds to Crypto

A British man has received a 33-month prison sentence after being found guilty of embezzling over £500,000 ($659,500) from his employer and converting the stolen money into cryptocurrency, which he used on gambling websites. 39-year-old Jason Lowe, from Skipton in North Yorkshire, had worked for the same Lancashire-based firm since 2016, but between March 2023 and February 2024 siphoned off the funds in order to feed his gambling addiction. Structured as an employee-owned trust where staff benefitted fro ...