The U.S. Attorney's Office seeks to forfeit digital assets linked to a fraudulent investment scheme, highlighting ongoing efforts to combat crypto-related fraud.
The U.S. Attorney's Office for the Western District of Washington has filed a civil action to recover $7.1 million in cryptocurrencies tied to an alleged oil and gas investment fraud scheme. Geoffrey K. Auyeung, indicted for money laundering, reportedly used victim funds to purchase cryptocurrencies, with $2.3 million seized from his accounts. The lawsuit aims to expedite fund recovery for defrauded investors, who are estimated to have lost $17.9 million in total.