Three Men Accused of Defrauding Banks and Crypto Exchange Out of $4M | CoinMarketCap

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Three Men Accused of Defrauding Banks and Crypto Exchange Out of $4M | CoinMarketCap
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The U.S. Justice Department claims they purchased digital assets on a trading platform — then 'tricked' financial institutions into refunding the money 🤯

Three men in Miami have been accused of defrauding banks and a cryptocurrency exchange out of more than $4 million.

Esteban Cabrera da Corte, Luis Hernandez Gonzalez and Asdrubal Ramirez Meza also allegedly used personal information that had been stolen from other people. Their alleged actions meant that the banks were deceived into reversing the transactions once they had been finalized — meaning they redeposited the money back into accounts they controlled, allowing the trio to withdraw these funds.

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