Southern Utah man sentenced to 3 years in prison for crypto-linked wire fraud scheme

A Southern Utah man was sentenced to three years in federal prison for wire fraud prosecutors said cost investors millions of dollars and involved converting bulk cash into cryptocurrency through an unlicensed money transmitting business. “The FBI will continue to put victims first by holding offenders accountable and pursuing those who misuse cryptocurrency and unlicensed financial services to exploit others,” said Special Agent in Charge Robert Bohls of the Salt Lake City FBI. His statement comes days ...