Trial of Singaporean Malone Lam accused of brazen crypto heist delayed in the US
The highly anticipated trial of Singaporean Malone Lam, who is accused of carrying out a brazen heist of hundreds of millions of dollars in cryptocurrency, was delayed on Monday (Oct 6) at the last minute.
The prosecutor’s office told CNA that the trial was postponed because they “superseded with 11 more defendants and an additional RICO Conspiracy count”.
“We have a status conference at the end of October and we anticipate a trial date being set at that hearing,” a spokesperson told CNA.
Lam faces a number of charges, including wire fraud, money laundering and RICO conspiracy – a charge traditionally used to put mafia bosses behind bars.
Prosecutors allege that Lam and 12 associates formed a “Social Engineering Enterprise” in late 2023,…
