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via Decrypt · By Decrypt Editorial
Seattle-Area Man Gets Prison for Laundering Foreign Fraud Funds With Bitcoin, Ethereum
ETH
ETH/USDT
$1,880.67
-0.05%
$1,880.67
-0.05%
(24s)24h Volume
$1,769,818,847.28
24h H/L
$1,886.58 / $1,876.01
Change: $10.57 (0.56%)
Long/Short
66.6%
Long: 66.6%Short: 33.4%
Funding Rate
+0.0044%
Longs pay
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DE
Decrypt Editorial(08:26 PM UTC)
1 min read
In brief
- A 47-year old man from the Seattle area helped defraud investors of nearly $100 million, prosecutors said.
- Victims thought they were investing in oil and gas, but funds were quickly transferred to bank accounts or crypto exchanges and never returned.
- For his role in laundering funds tied to the scheme, Geoffrey K. Auyeung was sentenced to five years in prison.
Geoffrey K. Auyeung, a…
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