Wellington 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.
26 Articles
26 Articles
Authorities Allege Scammers Stole $265,000,000 in Crypto To Buy Exotic Cars, Private Security and Other Luxuries - The Daily Hodl
A New Zealand man has been arrested for allegedly being a part of an international criminal organization that stole $265 million in crypto assets from seven people. In a new press release, authorities allege that the unnamed Wellington man participated in a scheme that fraudulently obtained the crypto assets by manipulating victims between March and August 2024. The U.S Department of Justice (DOJ) has charged the individual with racketeering, co…
$265m crypto scam: New Zealand man caught in FBI-led probe
A Wellington-based man was arrested in Auckland as part of an international investigation into a crypto scam operation allegedly stealing $265 million (NZD$450 million) from seven victims. New Zealand’s Financial Crime Group made the arrest following an FBI-led probe into…
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.
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