YourCryptoNews
  • Live Prices
  • Crypto News
    • Altcoins
    • Bitcoin
  • Defi News
  • NFT News
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
YourCryptoNews
  • Live Prices
  • Crypto News
    • Altcoins
    • Bitcoin
  • Defi News
  • NFT News
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
YourCryptoNews
No Result
View All Result

Middlesex County Man Charged with Laundering $2.1 Million Obtained from Internet-Related Frauds | USAO-NJ

October 11, 2022
in Scams
Reading Time: 2 mins read
A A
ShareShareShareShareShare

You might also like

FBI urges caution with cryptocurrency scams on the rise – 9News.com KUSA

Facebook Marketplace warning issued after 20 people scammed – Derbyshire Live

June 7, 2023
FBI urges caution with cryptocurrency scams on the rise – 9News.com KUSA

CNBC's Jim Cramer advises exit from crypto, cites high scam potential – crypto.news

June 7, 2023

NEWARK, N.J. – A Middlesex County, New Jersey, man has been charged with laundering money obtained from a variety of internet-based scams, U.S. Attorney Philip R. Sellinger announced.

Kenny Osas Okuonghae, 35, of Edison, New Jersey, is charged by complaint with one count of money laundering conspiracy. He is scheduled to have his initial appearance today before U.S. Magistrate Judge James B. Clark III in Newark federal court.

According to documents filed in this case and statements made in court:

From 2019 through the present, Okuonghae laundered money that was obtained from a variety of internet-related scams, including property rental scams, romance scams, and a “pig butchering” scam involving a purported cryptocurrency investment platform called “Alphacoin.”  “Pig butchering” refers to an internet scheme where a romance scam victim develops what the victim perceives to be a romantic relationship online with the perpetrator. The perpetrator emotionally “fattens” the victim up before enticing the victim to invest in a fake cryptocurrency scheme and then, metaphorically, “slaughters” the victim by taking the victim’s real money that he or she placed in the fake cryptocurrency investment scheme.

Okuonghae opened several bank accounts across at least seven banks and permitted fraudulent proceeds to be deposited into these accounts. One of the scams from which Okuonghae received illegal proceeds was the Alphacoin scam. Another scam involved a deposit for rental property that was not actually available to rent. Okuonghae told at least one bank that the money was coming from a legitimate customer who wished to buy car parts from Okuonghae.  Okuonghae also circulated at least one false invoice made out to a victim for the purported purchase of a Mack truck. Okuonghae laundered at least $2.1 million through his accounts. 

The money laundering conspiracy charged in the complaint carries a maximum punishment of 20 years in prison and a fine of up to $500,000 or twice the value of the funds involved in the transfer, whichever is greater.    

U.S. Attorney Sellinger credited special agents of the FBI, under the direction of Special Agent in Charge James E. Dennehy in Newark, with the investigation leading to today’s charge. He also thanked the U.S. Postal Inspection Service and Customs and Border Protection for their assistance. 

The government is represented by Assistant U.S. Attorney Jamie H. Solano of the Cybercrime Unit in Newark.

The charge and allegations contained in the complaint are merely accusations, and the defendant is presumed innocent unless and until proven guilty.

Credit: Source link

Related Stories

FBI urges caution with cryptocurrency scams on the rise – 9News.com KUSA
Scams

Facebook Marketplace warning issued after 20 people scammed – Derbyshire Live

June 7, 2023
FBI urges caution with cryptocurrency scams on the rise – 9News.com KUSA
Scams

CNBC's Jim Cramer advises exit from crypto, cites high scam potential – crypto.news

June 7, 2023
FBI urges caution with cryptocurrency scams on the rise – 9News.com KUSA
Scams

Service Rents Email Addresses for Account Signups – Security Boulevard

June 7, 2023
FBI urges caution with cryptocurrency scams on the rise – 9News.com KUSA
Scams

As the crypto lawsuits pile up, Cramer says get out while you can – CNBC

June 6, 2023
Next Post
FATF And AML Is A War Against Bitcoin – Bitcoin Magazine

FATF And AML Is A War Against Bitcoin - Bitcoin Magazine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Stablecoin supply on cryptocurrency exchanges down 50% in 4 months

Met museum to refund $550k in donations from FTX

June 5, 2023
TMS Network (TMSN) Maintains Crypto Apex, Surpassing Dai (DAI) and ApeCoin (APE) in 2023

TMS Network (TMSN) Maintains Crypto Apex, Surpassing Dai (DAI) and ApeCoin (APE) in 2023

June 4, 2023

Popular Story

    • Contact Us
    • Privacy Policy
    • Terms of Use
    • DMCA

    © 2021 - YourCryptoNews.net - All rights reserved!

    No Result
    View All Result
    • Live Prices
    • Crypto News
      • Altcoins
      • Bitcoin
    • Defi News
    • NFT News
    • Blockchain
    • Regulations
    • Trading
    • Scams

    © 2021 - YourCryptoNews.net - All rights reserved!

    • bitcoinBitcoin (BTC) $ 26,827.00 4.31%
    • ethereumEthereum (ETH) $ 1,875.97 3.29%
    • tetherTether (USDT) $ 1.00 0.07%
    • bnbBNB (BNB) $ 277.57 0.1%
    • usd-coinUSD Coin (USDC) $ 1.00 0.03%
    • xrpXRP (XRP) $ 0.530252 3.94%
    • staked-etherLido Staked Ether (STETH) $ 1,874.82 3.28%
    • cardanoCardano (ADA) $ 0.342337 2.9%
    • dogecoinDogecoin (DOGE) $ 0.069603 4.33%
    • solanaSolana (SOL) $ 20.09 0.21%
    • matic-networkPolygon (MATIC) $ 0.805054 2.54%
    • tronTRON (TRX) $ 0.077480 1.95%
    • litecoinLitecoin (LTC) $ 90.40 3.27%
    • polkadotPolkadot (DOT) $ 5.19 2.37%
    • avalanche-2Avalanche (AVAX) $ 14.58 3.6%
    • binance-usdBinance USD (BUSD) $ 0.999920 0.04%
    • shiba-inuShiba Inu (SHIB) $ 0.000008 0.41%
    • daiDai (DAI) $ 1.00 0.06%
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 26,835.00 4.21%
    • uniswapUniswap (UNI) $ 4.75 0.28%
    • leo-tokenLEO Token (LEO) $ 3.51 0.86%
    • chainlinkChainlink (LINK) $ 6.19 1.54%
    • cosmosCosmos Hub (ATOM) $ 10.05 0.54%
    • okbOKB (OKB) $ 45.25 2.03%
    • moneroMonero (XMR) $ 146.64 3.34%
    • ethereum-classicEthereum Classic (ETC) $ 17.34 1.44%
    • the-open-networkToncoin (TON) $ 1.66 0.51%
    • stellarStellar (XLM) $ 0.089233 1.63%
    • bitcoin-cashBitcoin Cash (BCH) $ 113.62 3.88%
    • lido-daoLido DAO (LDO) $ 2.39 8.15%
    • true-usdTrueUSD (TUSD) $ 1.00 0.02%
    • internet-computerInternet Computer (ICP) $ 4.35 0.55%
    • filecoinFilecoin (FIL) $ 4.32 2.07%
    • quant-networkQuant (QNT) $ 116.24 5.24%
    • aptosAptos (APT) $ 8.12 1.3%
    • hedera-hashgraphHedera (HBAR) $ 0.049455 1.02%
    • crypto-com-chainCronos (CRO) $ 0.059645 1.76%
    • arbitrumArbitrum (ARB) $ 1.18 3.56%
    • nearNEAR Protocol (NEAR) $ 1.50 0.43%
    • vechainVeChain (VET) $ 0.018627 0.49%
    • apecoinApeCoin (APE) $ 2.98 1.57%
    • the-graphThe Graph (GRT) $ 0.117873 1.02%
    • paxos-standardPax Dollar (USDP) $ 0.999755 0.01%
    • fraxFrax (FRAX) $ 0.998179 0.05%
    • eosEOS (EOS) $ 0.887899 5.19%
    • algorandAlgorand (ALGO) $ 0.134802 1.54%
    • the-sandboxThe Sandbox (SAND) $ 0.516859 0.56%
    • rocket-poolRocket Pool (RPL) $ 48.77 3.25%
    • optimismOptimism (OP) $ 1.45 2.97%
    • elrond-erd-2MultiversX (EGLD) $ 36.33 0.28%