💰 Federal prosecutors in California seize assets, bank accounts, and crypto wallets linked to the U.S. payments company “Capstone” in a financial fraud case
🏦 The prosecution accuses the owners of “Capstone” of providing misleading information to banks, including Wells Fargo and JPMorgan, when opening accounts, according to court documents reported by The Information
🪙 The company handled payments for companies operating in cryptocurrencies through a bank in Dominica, one of whose clients was “Tether”
🚨 The prosecution says that “Capstone” was involved in a scheme to impersonate FBI agents’ identities and seize victims’ funds before converting them into cryptocurrencies
📢 “Tether” confirmed that it was not aware of the conduct attributed to “Capstone,” and that its assets held at the bank were limited
⚖️ The U.S. Department of Justice has not accused the other companies connected to the case of any wrongdoing
🏦 The prosecution accuses the owners of “Capstone” of providing misleading information to banks, including Wells Fargo and JPMorgan, when opening accounts, according to court documents reported by The Information
🪙 The company handled payments for companies operating in cryptocurrencies through a bank in Dominica, one of whose clients was “Tether”
🚨 The prosecution says that “Capstone” was involved in a scheme to impersonate FBI agents’ identities and seize victims’ funds before converting them into cryptocurrencies
📢 “Tether” confirmed that it was not aware of the conduct attributed to “Capstone,” and that its assets held at the bank were limited
⚖️ The U.S. Department of Justice has not accused the other companies connected to the case of any wrongdoing
