Articles for tag: Charles Parks, cloud computing, cryptocurrency fraud, cryptojacking, luxury purchases, money laundering, Sentencing

Market News

Nebraska Man Pleads Guilty in $3.5 Million Cryptojacking Scheme, Highlighting Growing Cybercrime Concerns in Cryptocurrency Sector

A man from Nebraska, Charles O. Parks III, pleaded guilty to a large-scale cryptojacking operation after his arrest in April. He rented cloud computing from two major providers, amassing a bill of $3.5 million while mining around $970,000 worth of cryptocurrency without ever paying. Parks used various aliases and created multiple accounts to access powerful ...

Market News

NH Residents Alert: Beware of Blackmail Scams Targeting Locals – Stay Safe and Informed

New Hampshire’s Attorney General, John M. Formella, is warning residents about a blackmail scam affecting many, especially older adults. Victims have received emails that include their names and addresses, along with threatening letters claiming the sender has monitored their online activity. The letters demand payment in cryptocurrency to prevent the release of embarrassing information to ...

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