BOONE, N.C. — A man accused of laundering more than $1.9 million stolen from Appalachian State University appeared in a Charlotte federal courtroom Wednesday.
Prosecutors say money intended for the builder of Appalachian State's new Health Science College was instead transferred to the bank account of 31-year-old Ho Shin Lee, 31, of Los Angeles, when App State employees were tricked with a bogus email in 2016.
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Lee is charged with fourteen counts of money laundering. The maximum penalty for each charge is twenty years in prison and a $ 500,000 fine.
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