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Southern California man laundered millions for 'crypto kids' who used stolen loot to live lavishly

Summary by The Lawton Constitution
LOS ANGELES — A Newport Beach man has been sentenced to federal prison for laundering money for a group of young con artists who prosecutors said stole $263 million in cryptocurrency and used the loot to purchase luxury cars, rent…

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The Lawton ConstitutionThe Lawton Constitution
Center

Southern California man laundered millions for 'crypto kids' who used stolen loot to live lavishly

LOS ANGELES — A Newport Beach man has been sentenced to federal prison for laundering money for a group of young con artists who prosecutors said stole $263 million in cryptocurrency and used the loot to purchase luxury cars, rent…

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The Lawton Constitution broke the news on Thursday, April 30, 2026.
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