Compliance & Anti-Financial Crime
Leadership | Insight | Network

Crypto, North America, Regulatory

‘Financially and emotionally devastated;’ eight charged after multi-million dollar elderly fraud scheme shut down in United States

By Dan Byrne for AMLi

Eight people in California have been indicted for their role in a fraud and laundering operation that generated millions in dirty profits from elderly victims.

Carrying echoes of similar schemes that use fake urgency to extort money, each victim was told that one of their grandchildren was in trouble and in immediate need of help.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!