Del. Man Sentenced in Currency Fraud - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Del. Man Sentenced in Currency Fraud

Posted:

WILMINGTON, Del. (AP) - A Newark man has been sentenced to more than eight years in prison for wire fraud and money laundering.

Forty-five-year-old Kyong Ho Kim was also ordered to pay restitution in the $2.2 million crime at sentencing Monday.

Prosecutors say Kim engaged in a fraudulent foreign currency trading scheme in which he diverted victims' funds to his personal bank accounts.

 

Powered by WorldNow

All content © Copyright 2000 - 2014 Worldnow and WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service