In brief
- A man has been indicted in an alleged cross-border fraud scheme.
- Authorities traced and seized $7.1 million in crypto, with assets moving through U.S. banks, offshore accounts, and at least 19 wallets.
- DOJ officials say blockchain tracing helped recover funds and identify connections to exchanges abroad.
A Washington State man has been indicted for allegedly laundering proceeds from a fraudulent oil and gas investment scheme, as federal prosecutors move to recover $7.1 million in crypto for victims.
Geoffrey Auyeung of Newcastle faces charges for allegedly conspiring to launder funds from what authorities say was a $97 million fraud that promised investors profits from leasing oil tank storage in Houston and Rotterdam.
Victims…
