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via Decrypt · By Decrypt Editorial

Seattle-Area Man Gets Prison for Laundering Foreign Fraud Funds With Bitcoin, Ethereum

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Decrypt Editorial

(08:26 PM UTC)

1 min read

Approved byJames Mitchell

1228 views

0 comments

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Decrypt Editorial · Decrypt

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