<ul data-eligibleForWebStory="false"><li>Tushal Rathod has been indicted on wire fraud, money laundering, and conspiracy charges for his involvement in a business email compromise scheme.</li><li>Rathod allegedly funneled stolen funds through bank accounts into Bitcoin, using multiple aliases and co-conspirators to conceal the illicit origins.</li><li>Authorities believe Rathod's use of cryptocurrency was to evade detection, leveraging Bitcoin's pseudonymous nature for discreet transactions.</li><li>Rathod was arrested and awaits a detention hearing, with prosecutors yet to disclose the possibility of further arrests in the conspiracy.</li></ul>

American Charged for Laundering $1.7M in Fraudulent Checks into Bitcoin

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