Washington Man Jailed 5 Years for $97 Million Crypto Laundering

BeInCrypto Editorial

(03:50 PM UTC)

1 min read

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…

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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