Suggesting Finance
No Result
View All Result
  • Login
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
Subscribe For Alerts
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
No Result
View All Result
Suggesting Finance
No Result
View All Result
Home Crypto

Oracle Worker Linked to $54 Million Crypto Laundering Scheme

News Room by News Room
November 8, 2023
Reading Time: 2 mins read
0
Oracle Worker Linked to $54 Million Crypto Laundering Scheme
Source: Pexels

An Oracle employee with a unique nighttime persona as a party entertainer is now under investigation for his alleged involvement in a $54 million crypto money laundering scheme.

Brian Krewson, who goes by the alias “Mr. Poto” during his party entertainer gig, has not been officially charged with any criminal activity, but he finds himself at the center of a contentious investigation.

Krewson Allegedly Assisted in Laundering $54 Million in Crypto


The allegations revolve around Krewson’s purported assistance in storing and laundering the substantial sum of crypto for his two associates, Christopher Castelluzzo and Luke Atwell.

Both Castelluzzo and Atwell were convicted of cocaine trafficking in 2016, receiving prison sentences of 21 and 19 years, respectively.

The investigation suggests that Krewson’s involvement in this cryptocurrency operation extends beyond mere appearance, as he is alleged to have played a pivotal role in concealing and moving these illicit funds.

Before their incarceration, Atwell and Castelluzzo operated a lucrative narcotics trafficking business, with monthly cocaine sales reportedly ranging from $2.5 million to $3 million.

Authorities Seize over $50 Million in Crypto


Investigators discovered that Atwell sought to obscure the proceeds from dark web drug sales, particularly on the Blue Sky market. He claimed that a portion of those funds was used to acquire a substantial amount of ether, roughly 30,000 tokens, initially valued at just $9,000 but now valued at over $54 million.

Krewson, according to the Justice Department, was promised a share of the crypto for his role in safeguarding it from law enforcement.

A significant part of the evidence incriminating Krewson came from prison calls that Atwell and Castelluzzo made to the Oracle employee. In one such call, they discussed potential destinations for moving the cryptocurrency, considering locations like Malta or the Bahamas, although no final decision was reached.

Despite the assurances Krewson provided to his associates about the security of the cryptocurrency wallets, he ultimately divulged the wallet’s password when law enforcement executed a raid on his residence in July of the previous year.

This action enabled the police to transfer the entire cryptocurrency balance to a wallet controlled by the Department of Justice.

Krewson, who worked as a senior technical support engineer at Oracle from 2015 until recently, has not responded to requests for comments regarding the ongoing investigation.

Castelluzzo’s attempt to recover the funds seized during the raid was unsuccessful, and the Department of Justice’s New Jersey branch recently announced the official seizure of the funds.


Enter your email for our Free Daily Newsletter

A quick 3min read about today’s crypto news!

Read the full article here

ShareTweetSendSend

Related Posts

'Fundamental Shift' in Traditional Bitcoin Market Cycle May Be on the Horizon
Crypto

'Fundamental Shift' in Traditional Bitcoin Market Cycle May Be on the Horizon

October 3, 2024
FTX/Alameda Unstakes Over $1B in Solana – Is a Major Price Shift Coming?
Crypto

FTX/Alameda Unstakes Over $1B in Solana – Is a Major Price Shift Coming?

September 15, 2024
Man Utd launch Player Trading Cards digital collectibles and Fantasy United game | 31 July 2024
Crypto

Man Utd launch Player Trading Cards digital collectibles and Fantasy United game | 31 July 2024

August 1, 2024
Trader Turns $462 into $3.4 Million Thanks to PEPE
Crypto

Trader Turns $462 into $3.4 Million Thanks to PEPE

May 30, 2024
Polygon Executive Pivots Roles To Developing ZK Proof Tech
Crypto

Polygon Executive Pivots Roles To Developing ZK Proof Tech

May 29, 2024
Altcoin Interest Driving South Korean Crypto Craze – Report
Crypto

Altcoin Interest Driving South Korean Crypto Craze – Report

May 28, 2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Suggesting Finance

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Visit our landing page to see all features & demos.

LEARN MORE »

Recent Posts

  • Trump urges Fed's Powell to cut interest rates by full percentage point: 'Rocket Fuel!'
  • Trump, South Korea's new president agree to make a deal on tariffs that would satisfy both countries
  • PETER NAVARRO: Trump’s 50% steel tariff is a necessary shield for American industry

Categories

  • Banking
  • Business
  • Credit Cards
  • Crypto
  • Economy
  • Finance
  • Investing
  • Loans
  • Markets
  • Mortgage
  • Real Estate
  • Saving
  • Taxes
  • Uncategorized
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

© 2023 Suggesting Finance. All Rights Reserved.

No Result
View All Result
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto

© 2023 Suggesting Finance. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.