This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
A crypto influencer has been sentenced to over a year in prison for orchestrating a $3.5 million cryptojacking scheme. Charles O. Parks III defrauded two major cloud providers to mine cryptocurrencies like Ethereum and Litecoin.
- Parks used fake identities like 'MultiMillionaire LLC' to deceive cloud providers.
- The scheme mined nearly $1M in ETH, LTC, and XMR over eight months in 2021.
- The DOJ emphasized the case as a warning against cryptojacking fraud.
📎 Related coverage from: cointelegraph.com
Other Tags: Department of Justice (DOJ), DOJ