A gang of nine has been sentenced to 10 years in jail for money laundering activities and for obtaining Dh18 million through bogus cryptocurrency trade. The court also fined each of the defendants Dh10 million and six companies that were involved in the illegal activities were fined Dh50 million each. The Abu Dhabi Criminal Court, which is committed to looking into money laundering and tax evasion crimes, handed down the sentences after the defendants were found guilty of obtaining the cash through fraudulent means and engaging in money laundering activities. Official court documents stated that the men obtained the ... (full story)