Feds Announce 10 Arrests In 2nd Phony Car Sales Scam
Law360 (February 13, 2019, 7:43 PM EST) -- Federal prosecutors in Manhattan said Tuesday they have arrested 10 people who created fake online listings for cars and heavy equipment, accepted payments, laundered the money through shell entities and withdrew the proceeds in cash — just like another criminal ring uncovered last summer.
The 10 people were arrested in Latvia, Lithuania, Finland and at JFK International Airport over the past few months and are part of a criminal gang with roots in the Baltic states of Latvia and Lithuania, according to prosecutors. Two are awaiting extradition but the others have been arraigned on charges of conspiring to launder money and...
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