A Nebraska man is looking at 30 years in prison in connection with a major cryptojacking scheme. According to an April 15 indictment from the United States Attorney's office in Brooklyn, Charles O.
Charles O. Parks III, a Nebraska man, has been indicted for allegedly defrauding two cloud computing providers of $3.5 million through a cryptojacking scheme to mine nearly $1 million in cryptocurrencies, facing a maximum sentence of 50 years in prison if convicted on all charges.
United States prosecutors have charged Charles O. Parks III with wire fraud and money laundering after he allegedly ran a “large-scale illegal ‘cryptojacking' operation,” defrauding two cloud computing providers out of $3.5 million to mine $970,000 in cryptocurrencies such as ether, litecoin, and monero without authorization.
Nebraska resident Charles O. Parks III has been charged with wire fraud, money laundering, and the operation of an unlicensed money-transmitting business.
He faces up to 20 years of prison for wire fraud and money laundering charges related to his purported cryptojacking.
Stripe Boosts Crypto Presence Through Avalanche Integration
Stripe has integrated with Avalanche, allowing users to buy AVAX directly through their mobile app or Web3 apps, simplifying access to the Avalanche e
Hong Kong Set For Record-breaking Debut Of Crypto ETFs
Hong Kong is set to launch spot cryptocurrency ETFs, with high anticipation and projections of exceeding US market figures. The global interest in Bit
Crypto Investment Outflows Continue As BlackRock Bitcoin ETF Records No Inflows
The recent Coinshares report shows consecutive weeks of outflows totaling $435 million in cryptocurrency investment products, marking one of the large
SEC And Consensys Clash Over Ether Security Classification
SEC Chair Gary Gensler has been evasive about classifying Ether as a security, while documents suggest the SEC's investigation into Ethereum's status
Trust Wallet Faces Temporary Suspension On Google Play Store
Google Play removed Trust Wallet from its listing shortly after the FBI warned against non-KYC crypto services. Trust Wallet, a popular non-custodial