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Oracle employee implicated in $54 million cryptocurrency laundering scheme By Investing.com

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November 8, 2023
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Oracle employee implicated in $54 million cryptocurrency laundering scheme By Investing.com
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Oracle employee implicated in $54 million cryptocurrency laundering scheme
© Reuters.

Brian Krewson, an Oracle (NYSE:) worker and celebration entertainer, is beneath scrutiny from the Justice Division for his alleged involvement in a $54 million cryptocurrency storage and laundering scheme. Convicted cocaine traffickers Christopher Castelluzzo and Luke Atwell, who’re serving 21 and 19 years respectively, are stated to be related to the operation. The pair beforehand ran a narcotics enterprise that reportedly offered as much as $3 million in cocaine month-to-month.

The Justice Division alleges that the cryptocurrency was generated from drug gross sales on the Blue Sky market, together with 30,000 ether now valued at over $54 million. Krewson, identified for his Walter White impersonation from the TV present “Breaking Unhealthy”, held a senior technical assist engineer place at Oracle from 2015 till this yr.

Proof means that Krewson had discussions with Castelluzzo and Atwell about transferring the ether to Malta or the Bahamas. These discussions had been revealed by way of jail calls and additional corroborated by their continued Fb (NASDAQ:) friendship as of mid-2021.

In a police raid in July final yr, Krewson offered the password to the crypto pockets, permitting legislation enforcement to switch all funds to a DOJ pockets. Castelluzzo, on behalf of himself and Damaged Wings Holdings – an organization he ran with Krewson and Atwell for buying and selling cryptocurrencies on Bitrix trade – appealed to a Colorado court docket final December for the return of those funds. Regardless of his declare that the funds weren’t legal proceeds, his attraction was denied.

The DOJ introduced the seizure of those funds final week. Whereas Krewson’s lawyer has but to touch upon the matter, Castelluzzo maintains that the cryptocurrency was acquired legitimately.

This text was generated with the assist of AI and reviewed by an editor. For extra info see our T&C.



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