Deltec Bank's Funds Seized by U.S. Secret Service in Money Laundering and Fraud Probe
The U.S. Secret Service seized multiple corporate accounts last month controlled by Deltec Bank, a Bahamian bank with ties to crypto-related firms.
New documents unsealed in a federal court on Monday reveal that the secret service seized several U.S bank accounts controlled by Deltec last month. As per the documents, the amount seized by the U.S authorities is above $58 million.
The seizures were made amid an investigation into organized, international criminal money laundering syndicates operating cryptocurrency investment and other wire fraud scams.
The bank accounts that were seized by the secret service were custodial accounts with Mitsubushi Bank UFJ Trust in New York, opened by Deltec on behalf of corporate clients.
U.S authorities linked certain Bahamian bank’s customers to shell firms involved in a cross border scheme. The scheme allegedly involves creating fake crypto websites to dupe victims into depositing their assets or cash.
