According to Odaily Planet Daily, the U.S. Department of Justice charged Charles O. Parks III, 45, with stealing $3.5 million worth of cloud computing services and mining $1 million worth of cryptocurrency through a so-called "cryptojacking" scheme. Cryptojacking involves using the computing power of others to mine cryptocurrency for yourself.
According to official government information, Parks is suspected of defrauding two "well-known" cloud computing providers, committing wire fraud, money laundering and illegal currency transactions. Parks is scheduled to make his first appearance in federal court on April 16. He was initially arrested in Nebraska on April 13.
In the government's statement, Parks allegedly used numerous aliases, such as "MultiMillionaire LLC" and "CP3O LLC" to register for "large amounts" of computing processing power without paying for it. He also allegedly boosted cloud computing service levels, delayed billing arrangements, and dodged questions when cloud computing companies asked about large amounts of data usage and unpaid subscription fees. The government's release also added that Parks transferred and laundered money through channels such as cryptocurrency exchanges and NFT markets to "cover audit trails and disassociate from the fraud."
