The regional government of Hong Kong reported that law enforcement agencies managed to arrest crypto scammers, the search for which lasted about two years.
A 28-year-old woman and a 21-year-old man, who are each other's brother and sister, opened accounts in different banks in their names. For a long time, through a variety of trading platforms for exchanging digital assets, relatives carried out a lot of different transactions, eventually receiving money transfers from unknown sources.
The brother and sister were able to launder about $ 384 million in six months.
Hong Kong customs officers searched the suspects' place of residence; both defendants in the case were seized on the spot. Since they were unable to identify the source of their income, they were charged with illegal money laundering.
Trending: Smart Contracts Audits Startup Hexens Closed $4.2 M Seed Funding
If their guilt is proven, they will be punished with imprisonment up to 14 years, and will also have to pay a fine of $5 million. Among other things, it is said in the message, their income from criminal activities is subject to confiscation.
As of today, the suspects in this crime are not in custody, they were released on bail. The investigation is ongoing. If the source of income is still not found out, a second arrest will follow.
It is worth noting that this crime was committed by a brother and sister back in 2020. The police managed to get on the trail of the criminals, but the investigation dragged on for two years, as there was not enough physical evidence to indict the suspects.