RATE Group | Bank of Ireland deceived by lawyer, US court told
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Bank of Ireland deceived by lawyer, US court told

05 Oct Bank of Ireland deceived by lawyer, US court told

Posted at 01:02h in Cryptocurrency News by

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Bank of Ireland accounts were used to handle at least €273 million which the US government alleges were the proceeds of a multibillion dollar cryptocurrency fraud.

Documents lodged in a New York court reveal how prosecutors believe the bank was deceived by US lawyer Mark S Scott while it was being used to funnel money from the Cayman Islands, the British Virgin Islands and onwards to the United Arab Emirates.

In 2016, Mr Scott made contact with Bank of Ireland (BoI), allegedly on the premise he was acting for an investment vehicle to be called the Fenero Funds. It is claimed he told the bank the money for the funds was sourced from wealthy European families.

The documents, which detail the evidence that is expected from the BoI employees, state Mr Scott told…

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