Home » New Zealand Police Seized $4 Million in Crypto from Movie Bootleggers

New Zealand Police Seized $4 Million in Crypto from Movie Bootleggers

New Zealand police have seized $6.2 million in cryptocurrency and $800,000 in banked funds from 31-year old software programmer who allegedly was involved in online movie bootlegging in the United States.
news - New Zealand Police Seized $4 Million in Crypto from Movie Bootleggers

New Zealand police have seized $6.2 million in cryptocurrency and $800,000 in banked funds from 31-year old software programmer who allegedly was involved in online movie bootlegging in the United States. 

Jaron David McIvor allegedly involved in piracy and money laundering as he received millions of dollars from an illegal movie-streaming website.

news - New Zealand Police Seized $4 Million in Crypto from Movie Bootleggers

Police received a tip from the U.S. Internal Revenue Service (IRS), which had received suspicious activity reports from PayPal, which led tax officials to McIvor in New Zealand.

“Introducing illicitly-obtained funds into New Zealand constitutes money laundering and police will thoroughly investigate and restrain the assets of those who undertake such activity regardless of where in the world the crime is committed,” detective Senior Sergeant Keith Kay commented. 

McIvor’s lawyer said that his client is denying the allegations of money laundering.

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