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US woman used bitcoin and other cryptocurrencies to move cash to Islamic State, police say



A New York woman has been accused of Laundering Bitcoin and other cryptocurrencies and wiring the money to help the so-called Islamic State.

 
Zoobia Shahnaz, 27, was charged with bank fraud, conspiracy to commit Money Laundering and money laundering and is being held without bail.


Ms Shahnaz was born in Pakistan and worked as a lab technician in the US.


Prosecutors say she took out fraudulent loans of $85,000 (£63,000) in order to buy the bitcoin online.


Bitcoin is an online currency. Despite not being legal tender - it can't be used to pay for traditional goods and services - the value of bitcoin has rocketed this year.




BBC       News.


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US woman used bitcoin and other cryptocurrencies to move cash to Islamic State, police say

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