globalinvestigation

A Wellington man was arrested in Auckland on May 16, 2025, for his alleged involvement in a $265 million cryptocurrency fraud operation. The FBI-led investigation uncovered a global crime scheme that stole cryptocurrency from seven victims and laundered funds through various platforms between March and August 2024.

*Key Details:*

- *Charges:* The Wellington man faces US federal charges, including:
- Racketeering (RICO)
- Conspiracy to commit wire fraud
- Conspiracy to commit money laundering
- *Arrests and Search Warrants:* New Zealand police executed search warrants in Auckland, Wellington, and California, resulting in several arrests. A total of 13 individuals face charges.
- *Court Appearance:* The Wellington man was granted bail and temporarily prohibited from being named. He is scheduled to reappear in court on July 3, 2025.

This case highlights international cooperation in tackling large-scale cryptocurrency fraud. The FBI and New Zealand authorities worked together to dismantle the crypto fraud scheme, demonstrating the importance of cross-border collaboration in combating cryptocurrency-related crimes .
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