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US woman used bitcoin to move cash to ISIS

Other News Materials 16 December 2017 05:51 (UTC +04:00)
A New York woman has been accused of laundering bitcoin and other cryptocurrencies and wiring the money to help the ISIS
US woman used bitcoin to move cash to ISIS

A New York woman has been accused of laundering bitcoin and other cryptocurrencies and wiring the money to help the ISIS, BBC reports.

Zoobia Shahnaz, 27, was charged with bank fraud, conspiracy to commit money laundering and money laundering and is being held without bail.

Ms Shahnaz was born in Pakistan and worked as a lab technician in the US.

Prosecutors say she took out fraudulent loans of $85,000 (£63,000) in order to buy the bitcoin online.

Bitcoin is an online currency. Despite not being legal tender, the value of bitcoin has rocketed this year.

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