Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
A 40-years-old man from Auckland has been arrested because of an alleged money laundering scheme he orchestrated. He has been served with multiple charges, amongst which dubious cryptocurrency transactions and purchases of luxury goods.
Thousands Of New Zealand Dollars To Buy Cryptocurrency
According toĀ a recent news report, the arrested man faces a pile of 30 charges for his actions, most of which connected with money laundering. After appearing in the Auckland District Court, Community Magistrate Dianne Hale granted him interim anonymity.
As per the report, the suspect had received thousands of New Zealand dollars to buy cryptocurrency in money laundering transactions.
Aside from that, some of the charges allege that he had purchased luxury vehicles to launder funds. More specifically, the man spent $421,000 on a Lamborghini and about $288,888 on a Black Mercedes G63. The accused has also bought an East Auckland property worth $1.7 million in respect of money laundering.
The bouquet of charges also includes him receiving an unknown amount of cash for money laundering from an individual at Auckland Airport earlier this year, plus obtaining over a million dollars from a bank, allegedly using a fake identity.
Millions In Assets Seized After A Massive Investigation
The New Zealand police raid is a part of bigger investigation, during which law enforcement seized millions in assets, high-end luxury vehicles and property. The so-called Operation Brookings has been reported as a long-running investigation by the Financial Crime Group into money-laundering activity in the country.
During the recent action, New Zealand police seized a total of seven luxury cars, a boat and three motorbikes, about $250,000 in cash, plus properties in Half Moon Bay, Te AtatÅ« and New Lynn ā all of them with an estimated worth of at least $3.3 million.
Four men and two women, from 29 to 65 years old, have been arrested and charged on the money laundering case.
In the face ofĀ increasing crypto crimes, police in New Zealand is facing even more severe cases.
āOrganised crime groups come in all shapes and sizes in New Zealand. This group today was a professional money laundering service. Their job was to launder funds.ā ā Said Detective Superintendent Iain Chapman.
The post Crypto and Lambos Had a Man from New Zealand End Up With 30 Criminal Charges appeared first on CryptoPotato.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.