A man is to stand trial accused of setting up a web-design firm as a front for a million pound fraud, drug dealing and international money laundering operation.
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.
Pearson is also alleged to have transferred £57,015.71 out of the country to banks and businesses in Pakistan, China, Dubai and Hong Kong as part of the alleged scheme.
An eight-page, 12 charge indictment laid out the string of charges levelled against Pearson – all of which are said to be “aggravated