Nebraska Resident indicted in Brooklyn for multi-million dollar cryptojacking scheme
A Nebraska man has been indicted by federal prosecutors in the Eastern District of New York for allegedly masterminding a cryptojacking scheme that defrauded cloud computing service providers out of more than $3.5 million.
The indictment, which was unsealed on Monday, accuses the man of using stolen computing resources to mine nearly $1 million in cryptocurrency.
Identified as Charles O. Parks III, the 45-year-old man, also known by the alias “CP3O,” is facing charges of wire fraud, money laundering and engaging in unlawful monetary transactions. He was arrested on April 13 in Nebraska and is due to make his initial court appearance in Omaha on Tuesday.