A bank employee is pleading guilty to stealing from the lender’s customers and lying to conceal her guilt, according to the US Attorney’s Office for the Eastern District of Virginia.

The Eastern District says Truist Bank employee, Ahshah Dior Martin, stole $195,000 from at least 70 Truist Bank accounts.

Martin started gathering banking information on her would-be victims in 2023 after improperly accessing the bank’s computer systems.

“Then, she initiated fraudulent debits and withdrawals from these accounts for her own benefit. For instance, Martin repeatedly initiated payments from customer bank accounts to a child support payment processor, through which Martin paid herself.”

The victims Martha stole from while working at Truist Bank were diverse and comprised of both individuals and entities, according to the Eastern District. They included “multiple churches, a children’s museum, an eye tissue bank non-profit organization, manufacturing and construction companies, a small business making customized holsters, and the North Carolina Wing of the Civil Air Patrol.”

Truist Bank fired Martin in April of 2024 but she frustrated efforts by the eighth-largest US bank by total assets to retrieve the computer she had been issued at work.

“To conceal her wrongdoing and prevent the return of her Truist laptop, Martin faked her own death. On April 17, 2024, in response to an email from Truist asking for the computer, Martin responded, “Sorry to inform you, she has passed away.””

The former Truist Bank employee spent the money she stole on “cosmetic products, clothing, travel expenses, dining, and at a hookah bar,” the Eastern District says.

Martin faces up to three decades in prison. She will be sentenced in November.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

An Iranian man is pleading guilty to being the mastermind behind the Robbinhood ransomware scam.

According to a recent press release by the U.S. Department of Justice (DOJ), 37-year-old Sina Gholinejad of Iran has pleaded guilty to participating in a hack of multiple cities across the US, causing widespread disruption and tens of millions of dollars in losses.

Authorities say that in January 2019, Gholinejad and his co-conspirators gained and maintained illegal access to the victims’ computers, stealing sensitive data and uploading the Robbinhood malware, which in turn would take over a victim’s PC, encrypt its files, and attempt to extort crypto assets out of them in exchange for the release of the data.

Gholinejad and his team would then attempt to launder the stolen funds through crypto mixing services and chain-hopping and hide their identities using advanced methods.

As stated by Matthew R. Galeotti, Head of the Justice Department’s Criminal Division, in the press release,

“The ransomware attack against the City of Baltimore forced the city to take hundreds of computers offline and prevented the city from performing basic functions for months.

Gholinejad’s conviction reflects the Criminal Division’s commitment to bringing cybercriminals who target our cities, healthcare system, and businesses to justice no matter where they are located. There will be no impunity for these destructive attacks.”

Other cities affected included Greenville, North Carolina, as well as Yonkers, New York, and Gresham, Oregon.

Gholinejad is scheduled to be sentenced in August and could face a maximum penalty of up to 30 years behind bars.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/ne2pi

Florida’s Volusia County Division of Corrections recorded Armstrong as a fugitive from justice and confirmed his arrest on March 25 at 7:18 PM local time.

In a March 21 post on X, BitBoy had disclosed that an arrest warrant is out for him over his emails to Cobb County, Georgia Superior Court Judge Kimberly Childs while acting as his own attorney. He further claimed that the judge deleted her X account because of him.

BitBoy Was Earlier Arrested in 2023

This is not the first time that BitBoy has been arrested. In September 2023, he was arrested by the police while live-streaming on YouTube. He was on his way to confront a former colleague Carlos Diaz in a quest to retrieve his Lamborghini, but the police detained him midway. The police had also found illegal narcotics in his vehicle.

In April 2023, when Armstrong was part of a class-action lawsuit, he was called in by the judge to address his harassment of the plaintiffs’ counsel. The plaintiff’s lawyer had claimed that Armstrong harassed the legal team with vulgar phone calls, voicemails, text messages and social media posts suggesting threats.

The post Crypto Influencer BitBoy Arrested in Florida, Listed as Fugitive from Justice appeared first on Cryptonews.

A Bank of America insider is pleading guilty to boosting a global money laundering conspiracy that aided drug traffickers and other illegal businesses, according to the U.S. Department of Justice (DOJ).

The DOJ says former Bank of America employee Rongjian Li was a member of a money laundering and drug trafficking outfit headed by Jin Hua Zhang.

According to prosecutors, Li used his position at the bank from 2021 through 2022 to help the criminal organization open several accounts.

Zhang’s organization then used the BofA accounts, some of which were registered using forged passports, to launder illicit funds.

“As part of his involvement, when the bank’s financial auditing systems flagged or froze accounts for suspicious activity, Li helped Zhang circumvent the bank’s anti-money laundering protocols and move illicit funds elsewhere.

In addition, Li was observed sitting next to Zhang at a dinner in New York, where Zhang discussed the different fee percentages he charged various criminal groups for drug trafficking and scams.”

Zhang’s organization is believed to have laundered millions of dollars in a span of months, according to the DOJ.

“The investigation revealed that, for a fee, Zhang laundered bulk cash for drug dealers and laundered profits from other illegal businesses. In less than a year, Zhang and his organization laundered at least $25 million worth of drug proceeds and funds from other illegal businesses through undercover agents.”

Li has pleaded guilty to the charge of conspiracy to commit money laundering. He faces a monetary fine and a prison sentence.

“The charge of money laundering conspiracy provides for a sentence of up to 20 years in prison, up to three years of supervised release and a fine of up to $500,000, or twice the amount involved, whichever is greater.”

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

In his new role, Ben Gray oversees our legal, compliance and enterprise risk management operations and guides the company through a rapidly evolving regulatory environment.

He will continue to maintain the highest standards of compliance and integrity as he further expands his geographic footprint and product portfolio. Ben will report directly to co-CEOS Arjun Sethi and David Ripley.

CO-CEO Arjun Sethi“Ben is a significant addition to our leadership teams to expand our business and drive innovation globally. As the industry continues to fight for clarity in regulations and consumer protection, we are committed to the general counsel and His deep experience as Chief Compliance Director makes him the ideal CLO for Kraken.”

CO-CEO David Ripley“Ben’s unique experiences are leveraging seamless execution and operational excellence across our global operating markets by adjusting legal, compliance and risk within this team. looking forward to it.”

Clo Ben Gray“We are honored to step into the role of CLO at Kraken, a company that was at the forefront of the cryptocurrency industry. Over the past year, we are moving towards clarity of regulations around the world. We have made great strides and 2025 is extremely important.”

“The most effective adaptors will be at the top without compromising on their ability to innovate and deliver the best possible client experience. Kraken is on a very good pace to take advantage of this opportunity. And we couldn’t be more excited to be involved in this next stage of growth in the crypto industry.”

Ben brings over 15 years of experience at the intersection of blockchain, crypto and legal compliance. His career spanned a variety of roles, ranging from serving as a financial regulator in the US federal government in the early days of Bitcoin to working as a regulatory lawyer.

He pioneered a compliance framework for consumer crypto products with Block (formerly Square) and led an innovative Stablecoin initiative at Paxos, including USDG Stablecoin, which was launched in a partnership with Kraken.

His unique background and leadership skills will help him continue to expand his global footprint while navigating regulatory changes in key markets such as Europe and the US.

Ben will replace Marco Santori, our CLO since 2020. Marco is committed to building a world-class legal team, representing crypto at the global stage, helping to tackle critical regulatory challenges and staying as an advisor.

These materials are for general information purposes only and are not investment advice or recommendations or solicitations to purchase, sell, bet or hold CryptoAssets or engage in any particular trading strategy. Kraken makes no representations or warranties of any kind, express or implied, regarding the accuracy, completeness, timeliness, fitness or validity of such information, and therefore, errors, omissions, or any other such information. or damages arising from delays, injuries or display or use thereof. Kraken does not work to raise or lower the prices of certain CryptoAssets that become available. Some crypto products and markets are regulated, while others are not regulated. Anyway, Kraken may or may not need to be registered or permitted to provide specific products and services in each market, and will not be protected by government compensation and/or regulatory protection schemes. . The unpredictable nature of the crypto assets market can lead to loss of funds. Taxes may be paid for returns and/or increased value of crypto assets, and you must seek independent advice on your tax position. Geographical restrictions may apply. Please refer to the legal disclosures of each jurisdictionhere.