Security News in Brief: New York Man Sentenced to Nearly 4 Years in Prison for Helping to Receive and Launder Ill-Gotten Proceeds of BEC Scams

Source: United States Department of Justice News

A New York man was sentenced today to 46 months in federal prison for participating in business email compromise (BEC) scams, including one in which $420,000 was stolen from a victim’s life insurance account, then deposited and laundered in various bank accounts set up in the names of other people.