According to court documents, Phil Pascoe (60) and Monica Pascoe (45) from Floyds Knobs, Indiana, Scott Tubbs (59) from Georgetown, Kentucky, and Quadrant Magnetics LLC are indicted for wire fraud, violation of Arms Export Control Act and smuggling.
The United States Department of Justice said on 15 March [2023] that Chinese billionaire businessman Guo Wengui was arrested on the same day's morning in New York for wire fraud, securities fraud, bank fraud and money laundering.