$4 Million: Burlington County, NJ, Man Admits to Being a Scammer
If out of nowhere you receive an email saying you've won a lottery but you have to pay fees before your "winnings" are released, that's a scam.
And federal authorities say one of those scams originated from a Burlington County man who duped his victims out of $4 million.
On Wednesday, 26-year-old Pablo Estrada of Florence pleaded guilty to one count of money laundering.
According to U.S. Attorney Philip Sellinger's office, from August 2020 through this past January,
Estrada received money from victims of various scams, including a lottery scam – an advance fee fraud which begins with victims receiving an unexpected notification that they have won large sums of money in a lottery, but are required to pay various fees and expenses before their winnings can be released to them.
In total, Estrada laundered more than $4 million through various bank accounts.
The money laundering charge carries up to a decade in prison and a fine of $250,000 or twice the gross profits or gross loss, whichever is greatest.
Sentencing is scheduled for December 19th.