[Los Angeles Rideshare Driver Arrested for Defrauding Over $2 Million in Relief Loans to Purchase Cryptocurrency] The U.S. Attorney's Office for the Central District of California announced that Bruce Choi, a rideshare driver and resident of Koreatown, Los Angeles, was arrested this Tuesday at San Francisco International Airport on charges of wire fraud and money laundering. Prosecutors allege that Choi, posing as the head of a fictitious company called 'Premier Republic,' submitted fraudulent loan applications to obtain over $2 million in COVID-19 relief funds, which he then transferred to a Kraken account to purchase cryptocurrency. Federal prosecutors have since seized nearly 40 BTC and other cryptocurrencies. If convicted, the wire fraud charge carries a maximum sentence of 30 years, while the money laundering charge carries a maximum sentence of 10 years.