US prosecutors seek to recover $7.10 million cryptocurrency linked to oil and gas investment scam
2025-07-23 01:05:04
The US Attorney's Office for the Western District of Washington has launched a civil recovery lawsuit against a $7.10 million cryptocurrency involved in an oil and gas investment scam. Prosecutors allege that Geoffrey K. Auyeung, 47, and his associates lured investors into so-called "crude oil tank escrow accounts" with the promise of making a profit by leasing storage tank space. The investigation revealed that the funds involved were transferred to 81 different accounts, of which $1.90 million was used to buy assets such as bitcoin, USDT, USDC and Ethereum through 19 cryptocurrency accounts. Auyeung has been indicted in 2024 on money laundering and other charges, after 2.30 million dollars of stolen money in his bank account was seized. Prosecutors said they would accelerate the recovery of funds to compensate victims.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
