#Bitcoin money laundering funds #ISIS

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A woman converted $85,000 into bitcoin and other virtual currencies to support Islamic State, but was nabbed by authorities as she tried to board a flight out of the US.

Zoobia Shahnaz, 27, a US citizen, was indicted Thursday in federal court in Central Islip, New York. A five-count-indictment charges Shahnaz with bank fraud, conspiracy to commit money laundering and three substantive counts of money laundering, according to a US Department of Justice statement.

Both the court filing and the indictment released Thursday allege that Shahnaz defrauded several financial institutions, which is how she gained more than $85,000.

After allegedly swindling the financial institutions out of the money, Shahnaz proceeded with the conversion of that money into bitcoin and similar currencies, which were then moved to overseas funds and laundered in order to support the Islamic State.

RT.com

 

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