New Zealand Man Charged With Money Laundering Via Crypto and Luxury Cars
As well as making cryptocurrency transactions, the man is alleged to have bought luxury cars and property to launder funds.
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Government will never have to mine on hardware it buys. At least, they'll leave the buying up to you. This week a court in Virginia indicted Kim Dotcom and six of his alleged coworkers. The event is part of an ongoing attempt to prosecute Kim Dotcom. Since 2012, Virginia attorneys have accused Dotcom of Copyright Infringement, Racketeering, Money Laundering, and Wire Fraud among other charges. Those filings led to the January, 2012 raid on Dotcom's home in New Zealand. Seventy-six police and two helicopters assisted by the FBI seized Dotcom, $17 million in luxury cars, televisions and....
The new age of wealth gave way to many new things in the world today. If we look at the luxury industry, watches are hard to get, cars are hard to buy. The world is currently experiencing a new wave of people that are attempting to buy things that money could not buy before. This article will explore some case studies in which NFTs allow for the purchasing of things that money could not buy before like BAYC, Crypto Punks, and now new projects like High Sloth Society, and more. The Current Wave of Demand and the Luxury Industries With the new age of wealth, naturally, the luxury markets....
A New York man was charged Friday with operating a crypto money laundering scam that he publicly promoted on social media, bragging to clients he could help them stay “totally off the radar.” The individual, a former party organizer, was charged by the Manhattan District Attorney with laundering $2.7 million in bitcoin and cash to […]
Another Finland based company that rents luxury yachts, NAMI, has integrated Bitcoin as a payment option. Miika Toivonen from Luxury Collection by Auto-Outlet has already sold Tesla electric cars and other premium-cars with Bitcoin and is willing to extend Bitcoin payments as a part of his other businesses as well, this time, luxury yachts. Miika Toivonen, Director of NAMI, says: “We’re always willing to take part on everything that is new, like selling Teslas with Bitcoin, so why cant we also rent yachts as well. So far we’ve sold a nice amount of Tesla electric cars around Europe, so I....
A federal grand jury has charged one man with operating an unlicensed money transmitting business and two others with money laundering and related charges in the first bitcoin-related case before the Western District of New York, according to the U.S. Attorney’s Office and the Western District of New York. The grand jury has charged Richard Petix of Rochester, N.Y. with operating an unlicensed money transmitting business and making false statements. The grand jury also charged Zhe Wang, 20, and Kevin Szura, 20, both of Queens, N.Y., with money laundering, conspiracy to distribute....