Newcastle, Washington, man pleads guilty to laundering nearly $100 million in proceeds of investment fraud scheme

Source: United States Department of Justice Criminal Division

Seattle –A 47-year-old resident of Newcastle, Washington, pleaded guilty today in U.S. District Court in Seattle to conspiracy to commit money laundering for his scheme to take in fraud proceeds and forward them to coconspirators’ bank accounts and cryptocurrency addresses, announced First Assistant U.S. Attorney Charles Neil Floyd.