News list for "Million Dollar Cloud"

Crypto KOL sentenced to one year in prison for $3.50 million cloud mining fraud

Crypto KOL Charles O. Parks III has been sentenced to one year and one day in prison for committing a massive cloud mining scam, according to Cryptonews. Between January and August 2021, Parks defrauded Cloud as a Service provider with a false corporate identity, making nearly $1 million from illegal mining involving Ethereum (ETH), Litecoin (LTC) and Monero (XMR). Parks had pleaded guilty and was ordered to hand over $500,000 and a Mercedes-Benz. Prosecutors said Parks used exchanges, NFT marke...

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2025-08-18 06:29:14
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