June 13 2018
Dale Pearson is said to have scammed a £250,000 mortgage before “concealing, disguising, converting and transferring” cash and bitcoins amounting to £789,046.64 over the course of six years.
He is said to have used the fraudulent mortgage to buy a six-bedroom luxury property on the outskirts of Dundee.
Prosecutors say he moved vast sums of cash around various bank accounts and converted £25,900.91 into bitcoin – an online cryptocurrency that spiked in value last year.