latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

NZ Man Charged in Money Laundering Scheme, Crypto & Luxury Cars

NZ Man Charged in Money Laundering Scheme, Crypto & Luxury Cars

A New Zealand man has been charged with money laundering that allegedly involves shady crypto transactions and luxury car purchases.

According to reports from the New Zealand Herald, the 40-year-old defendant appeared in court Thursday and faces some 30 criminal charges, including money laundering, that allege he was given thousands of dollars to purchase cryptocurrency.
The report did not clarify how cryptocurrency aided the laundering scheme but did note that a community magistrate temporarily granted the man name suppression in Auckland.
Other charges allege the defendant laundered money by buying high-end vehicles, including a Lamborghini worth US$279,687 and a Mercedes G63, said to be worth US$191,919. Charges also claim that a high-end property in Auckland was used to launder around US$1.1 million.
Source: NZ Herald
The man is also accused of “obtaining by deception” in relation to a credit line of just over a million dollars from a bank. New Zealand police arrested five other people in connection with the case and seized millions in assets.
Although the case is not evidence for the debunked “crypto is for criminals” meme, this type of news is far from isolated.
Just a few weeks ago, Rosen Iossifov, the owner of cryptocurrency exchange RGcoins, was convicted of two counts of conspiracy to commit racketeering and money laundering. And, In August, the U.S. Department of Justice charged a pair of darknet opioid vendors for money laundering via international wire transfers and bitcoin.
The post NZ Man Charged in Money Laundering Scheme, Crypto & Luxury Cars appeared first on BeInCrypto . shares this Contents always with License.

Thank you for Share!



Cool to know huh? Read the full Article

Cool huh? Please read the full Article: NZ Man Charged in Money Laundering Scheme, Crypto & Luxury Cars

Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News