US Crypto Scammers’ Run Reveals Bitfinex, Tether Links in Shadow Banking Fraud
By CCN.com: The U.S. Justice Department has nabbed one of two crypto fraudsters accused of a shadow banks scheme that entailed the processing of hundreds of millions of dollars of unregulated transactions on behalf of several cryptocurrency exchanges. On the surface, these seem like the run-of-the-mill bad actor arrests. However, chatter is picking up that this may relate to the Bitfinex and Tether debacle. The court filings show overlapping of the players. Reginald Fowler of Arizona was arrested Tuesday, while his co-conspirator Ravid Yosef is still on the loose. The law may take a while to catch up with Yosef.
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