Crypto influencer Charles O. Parks III, known as “CP3O,” has been sentenced in Brooklyn to one year and one day in prison for a $3.5 million cloud mining scam. Between January and August 2021, Parks impersonated clients and defrauded cloud providers of computing power, mining nearly $1 million in ETH, LTC, and XMR. He laundered proceeds through exchanges, NFTs, and banks, funding luxuries like a Mercedes-Benz and jewelry. Parks must forfeit $500,000 and the car, with restitution pending. Prosecutors stressed his fraud shows how criminals exploit digital infrastructure, reaffirming strict U.S. enforcement against crypto-related cloud-based schemes.
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BTC Dom 56.76 %
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$64,964.00
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ETH
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USDT
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$0.999726
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$0.32749
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LEO
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