Shocking $265M Crypto Scam Bust: Wellington Man Nabbed in Auckland!

FBI-Led Sting Operation Uncovers Global Fraud Network

Holy smokes! A dude from Wellington got cuffed in Auckland, smack in the middle of a jaw-dropping international crypto scam takedown. This crew allegedly swiped a mind-blowing $265 million (NZD$450 million) from seven unsuspecting victims. Can you believe it?

The Financial Crime Group in New Zealand swooped in on this guy after the FBI led a massive probe into this criminal network. Get this—these scammers pulled off their heist from March to August 2024, using slick manipulation tactics to trick their victims. Then they laundered the stolen cash through a maze of crypto platforms. Sneaky!

Over the past few days, authorities have raided spots in Auckland, Wellington, and even California, leading to a bunch of arrests, including our Kiwi suspect. In total, 13 people are now facing charges for being part of this wild scheme. Talk about a global takedown!

Here’s the kicker: the Wellington dude is getting hit with some serious accusations from the US Department of Justice, including racketeering (RICO), conspiracy to commit wire fraud, and conspiracy to commit money laundering. Yikes!

And guess what? Prosecutors say these scammers were living large with the stolen crypto dough, blowing millions on exotic cars, luxury handbags, watches, and fancy clothes. They even dropped up to $500,000 a night at nightclubs. Can you say "balling out of control"?

That's not all—they also splurged on private security guards and swanky rental spots in Los Angeles, the Hamptons, and Miami. These guys were living the high life, all thanks to their shady crypto scam.

After showing up in Auckland District Court, the man got bail and a temporary name suppression. He's set to face the music again on July 3. Stay tuned!

According to the U.S. Department of Justice, they've just unsealed charges against 12 more folks, including Americans and foreigners, for allegedly joining in on this cyber-enabled racketeering conspiracy. A bunch got arrested in California this week, but two are still out there, chilling in Dubai, apparently.

This criminal crew supposedly ran wild from October 2023 through March 2025, racking up a fleet of at least 28 exotic cars, valued between $100,000 to $3.8 million each. These scammers were living the dream—until the law caught up with them!