U.S. Brothers Jailed for $19 Million Fraud Scheme Involving Chinese Crypto Executive
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Two Ohio brothers accused of running a scheme involving local official ties and false royal claims have been sentenced to more than two decades in prison over a $19 million fraud that targeted a Chinese cryptocurrency executive and others.
The U.S. Department of Justice said last month that Zubair Al Zubair, 43, was sentenced to 24 years in prison and his younger brother, Muzzammil Al Zubair, 33, received 23 years. Prosecutors said the brothers carried out schemes involving wire fraud, money laundering, bribery and other offenses. The defendants were ordered to pay about $19.2 million in restitution.
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