Geoffrey K. Auyeung, 47, of Newcastle, Washington, pleaded guilty to conspiracy to commit money laundering in U.S. federal court in Seattle, involving nearly $100 million, according to the U.S. Department of Justice website.
According to the plea agreement, Auyeung admitted to setting up multiple legal entities to receive money from victims through fraudulent projects, then quickly transferring it to other accounts, overseas accounts, or using it to purchase Cryptoasset through exchanges.
- Pleaded guilty to laundering nearly $100 million in federal court in Seattle.
- They established 9 legal entities and opened 19 accounts on 8 exchanges to receive money and buy cryptocurrencies.
- He received approximately $97.1 million; sentencing is scheduled for May 12th.
The course of the case and the scale of the cash flow.
Auyeung pleaded guilty to conspiracy to launder money, involving nearly $100 million in cash flows; the total amount received through bank transfers and third-party deposits was approximately $97.1 million.
The information is listed on the U.S. Department of Justice website. The defendant is Geoffrey K. Auyeung, 47, a resident of Newcastle, Washington, and pleaded guilty in the U.S. District Court for the District of Columbia in Seattle.
According to the guilty plea, Auyeung opened 19 accounts on eight cryptocurrency exchanges and received approximately $97.1 million in third-party transfers and deposits, both domestically and internationally.
Methods for transferring money and related Cryptoasset.
Auyeung admitted to setting up nine legal entities to receive money from victims through fraudulent projects, then quickly transferring it to other accounts, overseas accounts, or purchasing cryptocurrency.
The Cryptoasset mentioned include Bitcoin, USDT, USDC , and Ethereum . Purchases are made through cryptocurrency exchanges, including Gemini, Bitstamp , and Coinbase .
The case was announced by the US Attorney's Office. The sentencing hearing is scheduled for May 12th.
