Koreatown rideshare driver arrested for allegedly using $2M in COVID business loans for crypto investment

Los Angeles rideshare driver accused of $2 million COVID loan fraud, crypto laundering

Bruce Choi of Los Angeles faces federal wire fraud charges for allegedly using $2 million in fraudulent PPP loans to purchase nearly 40 bitcoins.

Koreatown rideshare driver arrested for allegedly using $2M in COVID business loans for crypto investment

A rideshare driver from Los Angeles’ Koreatown neighborhood has been arrested for allegedly using more than $2 million in fraudulently obtained COVID-19 pandemic business loans to buy cryptocurrency, according to the Department of Justice. The DOJ said that Bruce Choi, 34, was arrested on Tuesday at San Francisco International Airport after arriving on a flight [...]

LA Rideshare Driver Charged With Using $2M in COVID Relief Funds to Buy Crypto

Authorities seized almost 40 BTC as part of the investigation, in which a rideshare driver is accused of wire fraud and money laundering.