Washington DOJ Seeks $7.1M Crypto Forfeiture in Fraud Case

Washington DOJ seeks $7.1M crypto forfeiture in fraud case

A civil action has been filed seeking the forfeiture of $7.1 million in cryptocurrency seized as part of an investigation linked to an oil and gas-related investment fraud scheme, the U.S. Department of Justice announced Tuesday. Newcastle, Washington, resident Geoffrey K. Auyeung, 47, was indicted as a co-conspirator in the case in Aug. 2024 and charged with receiving a majority of the fraudulent proceeds from the scheme. RELATED STORIES'A dist…

Court orders final forfeiture of $222,729.86 USDT recovered from Chinese nationals in Lagos

EFCC said the assets were part of the proceeds traced to a syndicate of 792 suspected cryptocurrency investment and romance scammers. The post Court orders final forfeiture of $222,729.86 USDT recovered from Chinese nationals in Lagos appeared first on Premium Times Nigeria.

USA v. Approximately 4405978.37715300 USDT et al: Forfeiture Complaint (‘$97M Fraud & Crypto Laundering’) - OffshoreAlert

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US Moves to Seize $7.1M in Crypto From Alleged Investment Scam

A $97M oil and gas fraud ran from 2022 to 2024 $7.1M in crypto tied to the scheme is now under forfeiture action Funds were funneled into BTC, ETH, USDT, USDC Key player indicted: Geoffrey Auyeung Crypto used for laundering, but blockchain leaves a trail In a new wave of enforcement, the US is now targeting over $7.1 million in cryptocurrency linked to what appears to be a $97 million fraudulent oil and gas investment scheme. The operation, whic…

Court Orders Forfeiture of $222,729 USDT Linked to Cryptocurrency Investment Fraud Syndicate - Newsmakers

Femi Ashekun/ A Federal High Court sitting in Ikoyi, Lagos, has ordered the final forfeiture of $222,729.86 worth of digital currency (USDT) recovered from Chinese nationals linked to a massive cryptocurrency investment fraud and cybercrime syndicate. Justice Alexander Owoeye granted the forfeiture order yesterday, following an ex parte motion filed by the Economic and Financial […] The post Court Orders Forfeiture of $222,729 USDT Linked to Cry…

Court Orders Final Forfeiture Of $222,729.86USDT Recovered From Chinese In Lagos

Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos, on Monday, July 21, 2025, ordered the final forfeiture of digital assets to the tune of $222,729. 86 USDT( Two Hundred and Twenty Two Thousand, Seven Hundred and Twenty Nine Dollars,  Eighty Six cents)  recovered from Chinese involved in cyber-terrorism and internet fraud. [...] Source from InfoStride News