🚨 The U.S. Department of Justice (DOJ) recently announced that Geoffrey K. Auyeung, a resident of Newcastle, Washington, has been indicted for multiple money laundering charges in connection with a cryptocurrency money laundering scheme. Auyeung is accused of posing as an escrow agent for oil and gas investments, defrauding investors and transferring funds to accounts he controlled to purchase BTC, USDT, USDC, and ETH through exchanges such as Gemini, Bitstamp, and Coinbase. 💰

The investigation showed that $64 million flowed into 74 bank accounts associated with Auyeung, and the indictment called for the forfeiture of approximately $2.3 million. HSI has identified 22 victims with a total loss of $7.7 million, and more victims are expected to emerge.

What do you think of this cryptocurrency money laundering case? Feel free to share your thoughts in the comments section!#Blockchain#Cryptocurrency#MoneyLaundering#BTC#USDT#USDC #ETH