US EditionWellington Man Arrested in $450m International Cryptocurrency Scam
- On May 16, authorities in Auckland detained a Wellington resident in connection with an FBI investigation into an international cryptocurrency fraud involving $450 million.
- The arrest followed search warrants executed over three days in Auckland, Wellington, and California targeting an organized criminal group that manipulated seven victims from March to August 2024.
- Thirteen individuals have been charged with offenses including racketeering under the RICO Act, wire fraud conspiracy, and money laundering conspiracy. The illicit funds, obtained through deceiving seven victims, were cycled through various cryptocurrency platforms and used to purchase high-end goods and rental properties across the United States.
- Detective Inspector Christiaan Barnard emphasized that the recent search warrants and arrest demonstrate the critical role of cooperation between international law enforcement agencies in tackling crimes that span multiple countries, noting close collaboration with authorities in the United States.
- The man received interim name suppression after appearing in Auckland District Court and is due to reappear on July 3, while the investigation remains ongoing with possible additional charges.
13 Articles
13 Articles
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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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