The US government is trying to seize $7.1 million in cryptocurrency linked to a major oil and gas investment scam.
According to the Seattle US Attorney’s Office, the money was seized by Homeland Security in December 2024, and is part of a much larger fraud that allegedly collected $97 million from investors between June 2022 and July 2024.
Victims were told their money would go into oil tank storage facilities – an investment that promised big returns. But once they sent funds, the people behind the scheme simply stopped responding.
“The co-schemers in this fraud moved their ill-gotten gain through various cryptocurrency accounts to try to launder the money stolen from victims,” said Acting US Attorney Teal Luthy Miller.
Funds Moved Through…
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