Browsing: White Collar Crime

Attorney General Merrick Garland wants to expand the Bank Secrecy Act to non-fungible tokens (NFTs) to deter money laundering following a DOJ report warning that NFT players could be using the digital assets for illicit financing.

Estimates of the overall amount of federal, state, and municipal Covid relief funds distributed fraudulently range from $100 billion to over $500 billion. According to experts, it will probably take years to fully account for the fraud.