Washington Man Jailed 5 Years for $97 Million Crypto Laundering

A federal court in Seattle sentenced Geoffrey Auyeung to 5 years in prison on Tuesday for conspiracy to commit money laundering.

The 47-year-old Newcastle, Washington resident helped overseas fraudsters move victim funds from a fake oil-and-gas escrow scheme. 

Inside the Crypto Laundering Operation

According to prosecutors, Auyeung created at least 9 business entities to receive money from…