The Bitcoin Heist Unfolds
Seven individuals have been indicted on serious charges including grand larceny, money laundering, and identity theft after stealing $300,000 in bitcoin from a Queens auto body shop owner.
The victim's 5.75 BTC, initially valued at $92,000, was taken by 20-year-old Aaron Peterson Jr. in November 2022. Following the theft, Peterson allegedly used the stolen funds to purchase luxury items, such as a diamond pendant, a Rolex watch, and a Mercedes-Benz.
Alongside Peterson Jr., his parents, Aaron Peterson Sr. and Autumn Clark, as well as four other accomplices, are accused of laundering the stolen cryptocurrency through a series of small transactions. The laundered funds were funneled through Cash App accounts and consolidated into Peterson Jr.’s account before being spent on high-end goods.
If convicted, the suspects could face up to 15 years in prison. The theft was reported to Assemblyman Clyde Vanel, who subsequently notified the Queens District Attorney’s office, leading to the indictment. Currently, five suspects have been arrested, while two others remain at large.
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