[singlow]

I agree the base crime here appears to be embezzlement. However the actions taken to conceal the embezzlement may be considered laundering. Most embezzlements do involve hiding the money movements, so I would only expect it to be laundering if he mixed the funds with legitimate funds in order to conceal their source. I don't see that in the article.

[toomuchtodo]

It all falls under wire fraud.

https://www.law.cornell.edu/wex/wire_fraud