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MILWAUKEE MEN CHARGED WITH LAUNDERING PROCEEDS OF BUSINESS EMAIL COMPROMISE FRAUD SCHEMES
US Attorney's Office Eastern District of Wisconsin
Acting United States Attorney Richard G. Frohling of the Eastern District of Wisconsin announced that a ten-count indictment was unsealed in federal court charging both Rolando Greer (age: 50) and Corey Lee (age: 50) of Milwaukee, Wisconsin, with: one (1) count of conspiracy to commit money laundering, in violation of 18 U.S.C. § 1956(h) and six (6) counts of money laundering, in violation of 18 U.S.C. §§ 1956 & 1957. Greer is also charged with three (3) counts of making false statements to financial institutions, in violation of 18 U.S.C. § 1014.
According to the indictment, beginning on or about May 2018, and continuing through at least July 2019, Greer and Lee conspired to launder, and did launder, proceeds of business email compromise (“BEC”) schemes. A BEC scheme is a form of cybercrime in which a fraudster uses false and misleading emails to fraudulently induce a victim to transfer funds to a bank account controlled by the fraudster and the fraudster’s accomplices.