A New Zealand man was arrested in the encryption phase probe 265 million dollars

The New Zealand authorities arrested a man -based man in relation to a two hundred million dollar currency fraud. The investigation of this fraudulent plan by the FBI, which leads to simultaneous arrests of suspects in both countries.

International encryption fraud produces 13 suspects

in mail On May 16, Inspector Christian Barnard of New Zealand Police told the success of the financial crime group in the arrest of a suspect in the crime union accused of stealing $ 450 million from New Zealand ($ 265 million).

The defendant, who is currently carrying a temporary repression of the name, was arrested in Auckland by the authorities, although he was headquartered in Lenton, the country’s capital. The man was submitted to the local Auckland court, where the guarantee was granted and issued an order to appear on July 3, 2025.

Barnard’s detective inspector explains that the coding plan was under investigation At work between March and August 2024, affecting a total of seven victims. Moreover, along with the man -based man, the American authorities have also arrested 12 California suspects who are allegedly involved in the international fraud.

According to the indictment advertisement By the US Department of Justice, Colombia Province, all the defendants have played various roles in this organized crime, including, but not limited to infiltrators, money laundering, callers, and residential theft who stole the governor of cold devices.

Investigations also revealed that stolen money was used to care for night club services, luxury handbags, luxury watches, luxury clothes, and rented homes in Los Angeles, Hamptons and Miami. More importantly, these fraud suspects have bought at least 28 expensive cards, ranging from $ 100,000 and $ 3.8 million.

What are the drawings?

According to the US Department of Justice, 12 of the 13 defendants face charges of extortion under the Rico Law, where one number of sinners attracts a 20 -year prison sentence.

Meanwhile, nine of these 12 suspects face accusations of conspiring to wash cash tools, with 8 defendants who are fighting for wire fraud, both of which can lead to 20 years in prison.

The last defendant was accused of obstructing justice after the destruction of the evidence that could have been beneficial to the Public Prosecutor, that is, the assistant prosecutor of the United States, Kevin Rosenberg, Deputy Acting Chief of fraud, public corruption, and the Civil Law Department of the Prosecutor’s Office in Colombia County.

In other news, the value of the cryptocurrency market is now $ 3.23 trillion after a decrease of 1.59 % last day. Meanwhile, the total trading volume decreased by 14.63 % with a value of $ 95.19 billion.

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