PANews reported on July 1 that according to Decrypt, the US Federal Bureau of Investigation (FBI) accused New York man Tushal Rathod of making $1.7 million through forged checks andPANews reported on July 1 that according to Decrypt, the US Federal Bureau of Investigation (FBI) accused New York man Tushal Rathod of making $1.7 million through forged checks and

FBI charges man with $1.7 million scam, exchanging forged checks for Bitcoin

2025/07/01 20:01

PANews reported on July 1 that according to Decrypt, the US Federal Bureau of Investigation (FBI) accused New York man Tushal Rathod of making $1.7 million through forged checks and business email compromise scams, and converted most of the illegal proceeds into Bitcoin. His alleged crimes occurred between November 2021 and June 2024.

FBI agent Samuel Morgan said Rathod received funds through seven accounts at six financial institutions and sent $1.2 million worth of Bitcoin to external addresses. At least three banks warned him that the source of his funds was illegal, but he forged invoices to cover it up. After the police intervened, he refused to cooperate with the investigation. Court documents show that Rathod also "recruited" his girlfriend and family to assist in the fraud. More than $1 million in fraudulent funds were deposited into his girlfriend and family accounts, and Citibank recovered $800,000. In February 2023, he purchased $900,000 worth of Bitcoin and transferred it away. If convicted, Rathod will face 20 years in prison.

Market Opportunity
Matrix AI Network Logo
Matrix AI Network Price(MAN)
$0.00309
$0.00309$0.00309
-0.64%
USD
Matrix AI Network (MAN) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny

Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny

The post Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny appeared on BitcoinEthereumNews.com. The cryptocurrency world is buzzing with a recent controversy surrounding a bold OpenVPP partnership claim. This week, OpenVPP (OVPP) announced what it presented as a significant collaboration with the U.S. government in the innovative field of energy tokenization. However, this claim quickly drew the sharp eye of on-chain analyst ZachXBT, who highlighted a swift and official rebuttal that has sent ripples through the digital asset community. What Sparked the OpenVPP Partnership Claim Controversy? The core of the issue revolves around OpenVPP’s assertion of a U.S. government partnership. This kind of collaboration would typically be a monumental endorsement for any private cryptocurrency project, especially given the current regulatory climate. Such a partnership could signify a new era of mainstream adoption and legitimacy for energy tokenization initiatives. OpenVPP initially claimed cooperation with the U.S. government. This alleged partnership was said to be in the domain of energy tokenization. The announcement generated considerable interest and discussion online. ZachXBT, known for his diligent on-chain investigations, was quick to flag the development. He brought attention to the fact that U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce had directly addressed the OpenVPP partnership claim. Her response, delivered within hours, was unequivocal and starkly contradicted OpenVPP’s narrative. How Did Regulatory Authorities Respond to the OpenVPP Partnership Claim? Commissioner Hester Peirce’s statement was a crucial turning point in this unfolding story. She clearly stated that the SEC, as an agency, does not engage in partnerships with private cryptocurrency projects. This response effectively dismantled the credibility of OpenVPP’s initial announcement regarding their supposed government collaboration. Peirce’s swift clarification underscores a fundamental principle of regulatory bodies: maintaining impartiality and avoiding endorsements of private entities. Her statement serves as a vital reminder to the crypto community about the official stance of government agencies concerning private ventures. Moreover, ZachXBT’s analysis…
Share
BitcoinEthereumNews2025/09/18 02:13
Zimbabwean Doctor Pushes for Appeal in $550,000 Crypto Theft Case

Zimbabwean Doctor Pushes for Appeal in $550,000 Crypto Theft Case

The post Zimbabwean Doctor Pushes for Appeal in $550,000 Crypto Theft Case appeared on BitcoinEthereumNews.com. A prominent Zimbabwean eye specialist is demanding
Share
BitcoinEthereumNews2025/12/20 20:59
Load The Bags! Bitcoin MVRV Hits Key Accumulation Threshold

Load The Bags! Bitcoin MVRV Hits Key Accumulation Threshold

The post Load The Bags! Bitcoin MVRV Hits Key Accumulation Threshold appeared on BitcoinEthereumNews.com. Load The Bags! Bitcoin MVRV Hits Key Accumulation
Share
BitcoinEthereumNews2025/12/20 21:10