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Is money laundering what he is being accused of? It seems more like fraud, embezzlement, and securities law violations.
by anm89 4y ago
Is money laundering what he is being accused of? It seems more like fraud, embezzlement, and securities law violations.
- yelnatz 4y agoIt seems like his actions of secretly sending money triggered money laundering suspicions from the SEC. But yea, this is fraud/embezzlement/wire fraud.
- mike_d 4y agoHe is being accused of nothing, because no charges have been filed. They will formally charge him with something like money laundering because it is the easiest to prove (you don't need intent, just concealment) and more charges will be added later.