A taxi driver from Los Angeles received $2,000,000 "Covid subsidies" and spent it on cryptocurrency.

Bruce Choi worked as a taxi driver, but one day he decided it was too boring - he invented a fictitious company "Premier Republic," appointed himself its CEO, and applied for COVID assistance for small businesses.

As a result, $2 million in government aid immediately went to the Kraken exchange and was spent on the purchase of BTC.

He was arrested at San Francisco airport, and approximately 40 $BTC , along with other cryptocurrencies purchased with this money, was confiscated. The "CEO" taxi driver faces up to 30 years for fraud and another 10 for money laundering.