Money Laundering Schemes In Real Cases

Cryptocurrency Fraudster Sentenced for Money Laundering and Securities Fraud in Multi-Million Dollar Investment Scheme A Swedish man was sentenced today to 15 years in prison for securities fraud, wire fraud and money laundering charges that defrauded thousands of victims of more than $16 million. An almost $9 billion global money-laundering scheme allegedly set up and run by Russia's largest private investment bank and having close ties to the country's ruling elite has been uncovered. Real estate companies should also have a money laundering and terrorist financing prevention system. Example an investigation by The New York Times in 2015 showed that shell companies that did not disclose customer data owned a huge amount of luxury real estate in the United States. 1 day ago  sentenced after admitting to money laundering charges. The lavish life of fast cars, designer clothes and private jets has come to an end for Nigerian Instagram influencer Ramon ‘Hushpuppi.

Decentralized Finance (DeFi) has become more and more popular in the past few months. According to the statistics, by Q1 ’21, the overall monthly trade volume has almost tripled compared to December 2020 ($25 billion). The average daily DEX trade volume grew from $0.71 billion to $2.26 billion — a quarterly rise of 318%.


Don’t let it catch you by surprise, but even adult bloggers started to yield farm and are currently earning a profit on DEXs. Although the rapid growth is evident, DeFi is yet a Wild West market – half of all thefts in 2020, totaling $129 million, were DeFi-related hacks. Today we want to share with you the story that, unfortunately, happened to our favorite influencer, Nasty Bond.

Money Laundering Schemes In Real Cases Philippines

In 2021 since the big flux, she became interested in crypto and began to actively explore the possibilities of the DeFi market. Nasty Bond decided to somehow try making money in this market and therefore, became active on Twitter constantly asking for advice and engaging her community into helping her make the right decision.

Money Laundering Schemes In Real Cases Act

She has also recently started actively farming on DeFi protocols. Once, she tried to cash out her earned yields via the centralized exchange, and sadly enough, she got blocked on WhiteBit.

Luckily, someone from the PureFi community tagged the Purefi team to help her out. The Protocol threw an investigation and helped her to sort out the situation with the WhiteBit.

Real Estate Money Laundering Schemes

The girl tried to stake a portion of her earnings to yield farming, but she was phished, which eventually caused the WhiteBit AML software to get triggered.

Fortunately, the WhiteBit has the particular KYC/AML procedure for such cases, and as a result, she got unblocked.

Typical Money Laundering Schemes

We kindly ask you to keep an eye out and watch out for the scams. The numerous scams only confirm that DeFi is a great and profitable place to be a part of.