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by anm89 1476 days ago
Is money laundering what he is being accused of? It seems more like fraud, embezzlement, and securities law violations.
2 comments
yelnatz 1476 days ago
It seems like his actions of secretly sending money triggered money laundering suspicions from the SEC.

But yea, this is fraud/embezzlement/wire fraud.

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mike_d 1476 days ago
He 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.

link