FBI-Led Crackdown Exposes Massive Crypto Laundering Scheme
A high-profile investigation into one of the largest cryptocurrency fraud operations this year has led to the arrest of a Wellington man, as authorities across New Zealand and the United States crack down on cross-border cybercrime.
The man, whose name remains suppressed for legal reasons, is among 13 individuals implicated in a scheme that allegedly funneled over NZD $450 million ($265 million USD) through fraudulent means. U.S. federal prosecutors say victims were lured into parting with large sums of crypto, which were then laundered through a web of digital platforms between March and August 2024.
The accused is facing charges in the United States for racketeering, wire fraud, and money laundering. According to…
