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BTCC / BTCC Square / Global Cryptocurrency /
DOJ Charges 12 in $263M Crypto RICO Scheme Fueling Lavish Lifestyle

DOJ Charges 12 in $263M Crypto RICO Scheme Fueling Lavish Lifestyle

Author:
Global Cryptocurrency
Published:
2025-05-16 19:30:02
17
3

The U.S. Department of Justice unsealed charges against a dozen individuals allegedly involved in a sprawling cryptocurrency racketeering conspiracy. Defendants aged 18-21 face RICO, wire fraud, and money laundering charges for allegedly stealing $263 million in digital assets.

Prosecutors claim the group funded extravagant purchases including luxury vehicles and half-million-dollar parties through crypto fraud. The indictment highlights growing regulatory scrutiny of cryptocurrency-related financial crimes as digital asset adoption expands.

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