Prison sentence in currency fraud case

By Associated Press 7:52pm, January 7, 2013
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.


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