A former banking official in Hong Kong has been sentenced to four years in prison for his role in a massive false credit scam and accepting cryptocurrency bribes.
Source
"Former Hong Kong Banker Sentenced to Four Years for $1.6B Scam" — Cointelegraph
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
The scam, which involved over $1.6 billion in false letters of credit, was reportedly linked to a money laundering operation.
The former banker, who was not named, also accepted $470,000 in cryptocurrency bribes as part of the scheme.
