New York Man Sentenced in Arizona to 121 Months for Laundering Elder Fraud Proceeds

Federal prosecutors have secured a 121-month prison term against a New York resident convicted of laundering nearly $1 million taken from elderly victims in a phishing scam network. Ivan Wilbur Seales, 58, a New York resident and citizen of Saint Vincent and the Grenadines, was also ordered to pay approximately $855,000 in restitution, says the U.S. Attorney’s Office for the District of Arizona. Seales retained a share of the stolen funds and laundered the remainder through shell companies, cryptocurrency transfers, cash withdrawals and offshore accounts. The underlying scheme used fake pop-ups and emails impersonating banks, Apple, Microsoft, Geek Squad, PayPal and an antivirus firm to trick victims into believing they owed or had received erroneous payments.

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