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Today, Niselio Barros Garcia Jr., a 50-year-old man from Winter Garden, Florida, was sentenced to 48 months in prison for his role in laundering money from various scams, including romance scams and business email compromises, aimed at American consumers and businesses. Garcia facilitated these operations by providing bank accounts to receive fraudulent funds, which he then converted to Bitcoin and transferred to accomplices in Nigeria. He admitted to laundering over $2.3 million and was ordered to forfeit nearly $465,000. Although Garcia has been convicted, four other individuals involved in the scheme are still at large.
The case highlights the Justice Department's ongoing efforts to tackle transnational fraud and the facilitators of such crimes. It was investigated by the FBI Buffalo Field Office and prosecuted by the Consumer Protection Branch of the Civil Division, emphasizing collaborative law enforcement efforts and the commitment to protecting consumers from financial fraud. Additionally, the Justice Department supports victims through the National Elder Fraud Hotline, providing assistance and resources to older individuals who have been targeted by similar scams.
Source : https://thecyberexpress.com/florida-man-jailed-for-laundering-millions/
The case highlights the Justice Department's ongoing efforts to tackle transnational fraud and the facilitators of such crimes. It was investigated by the FBI Buffalo Field Office and prosecuted by the Consumer Protection Branch of the Civil Division, emphasizing collaborative law enforcement efforts and the commitment to protecting consumers from financial fraud. Additionally, the Justice Department supports victims through the National Elder Fraud Hotline, providing assistance and resources to older individuals who have been targeted by similar scams.
Source : https://thecyberexpress.com/florida-man-jailed-for-laundering-millions/