Corruption Crypto Scandal in USA
Federal employee in the U.S. traded cryptocurrencies for public money
An employee of the IRS in Florida was caught illegally trading cryptocurrencies. According to the Federal Prosecutor's Office, Joel Greenberg stole more than $400,000 of public money from his office budget.
Greenberg faces more than 33 charges, and crypto-trading is just the tip of the iceberg. He is charged with money laundering, bribery of public servants and other illegal cases.
On stolen and earned from crypto-trading funds, the fraudster bought collectibles and in every way stole money. His actions did not go unnoticed. Now he will be punished.
Note that this is not the first scandal related to cryptocurrencies. In recent years, there have been many financial pyramids that lured money from gullible investors. Many were convicted.
Because of this, the U.S. and the European Union have revised the rules for working with cryptocurrencies. Now companies working with cryptocurrencies must comply with the rules of KYC and AML.
It has paid off. In recent years, losses related to fraud in the cryptosphere have fallen from $4.5 billion (2019) to $1.9 billion (2020). We hope that this trend will continue in the future.