A woman from Long Island, New York, has been charged with using Bitcoin to launder $85,000 to support ISIS.
Zoobia Shahnaz, 27, has been charged with bank fraud, conspiracy to commit money laundering and three counts of money laundering. She has plead not guilty to all counts. Shahnaz is a U.S. citizen that was born in Pakistan. She worked as a lab technician until June when she quit her job.
The woman then began to take out several fraudulent credit cards and loans to buy Bitcoin and other cryptocurrency to spread abroad. For the bank fraud, she faces 30 years in prison. She faces 20 years for every other charge each.