US EditionWellington Man Arrested in $450m International Cryptocurrency Scam
- On May 16, a Wellington man was taken into custody in Auckland in connection with a Federal Bureau of Investigation inquiry into an international cryptocurrency fraud involving NZD $450 million.
- The arrest followed coordinated search warrants in Auckland, Wellington, and California targeting a criminal group accused of defrauding seven victims between March and August 2024.
- Authorities allege the stolen cryptocurrency was laundered through multiple platforms and spent on luxury cars, handbags, watches, nightclub services, security, and rental homes across the US.
- The man is facing federal charges in the US for racketeering, wire fraud conspiracy, and money laundering, while Detective Inspector Barnard highlighted that the recent arrest and search warrant demonstrate the value of cooperation between international law enforcement agencies.
- After appearing in Auckland District Court, the man was bailed with interim name suppression and is due to reappear on July 3, indicating the investigation remains ongoing.
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26 Articles
Iowa Supreme Court rules no cash back for victims in bitcoin cases - Radio Iowa
The Iowa Supreme Court rules a woman who put money into a bitcoin ATM in what turned out to be a scam can’t get her cash back. Carrie Carlson deposited $14,100 into a Bitcoin ATM in Cedar Rapids after a call claiming her accounts had been compromised. Carlson ignored a warning from the ATM that […]
NZ man arrested over $450m crypto scam
The group is alleged to have stolen about $450m worth of cryptocurrency. Photo: Getty Images A Wellington man has been arrested as part of an FBI investigation into an organised criminal group which is alleged to have stolen cryptocurrency valued at $450 million.
Man arrested in Auckland over $450,000,000 crypto theft
The cryptocurrency is alleged to have been fraudulently obtained by manipulating the victims and subsequently laundered through multiple cryptocurrency platforms. Photo supplied Kanchanara on Unsplash A man has been arrested in Auckland today, May 16, as part of a Federal Bureau of Investigation (FBI) inquiry into an organised criminal group who allegedly stole cryptocurrency valued at NZD$450 million from seven victims. Detective inspector Chri…
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