Computer Crime Money Laundering 4th 12 24

Name Course Computer Crime: Money Laundering Conspiracy Computer Crime: Money Laundering Conspiracy Summary of the Article After laundering and stealing over $230 million in cryptocurrency from a victim in Washington D.C. the FBI arrested Lam and Serrano as the main perpetrators of this evil act on the 19th day of September 2024.Their arrest and indictment were openly announced by the U.S. Attorney Mathew M. Graves, FBI Acting Special Agent in charge David Geist as well as the Executive Special Agent in charge of Kareem A. Lam is a 20 years citizen from Singapore going by the online monikers as Anne Hathaway and $$$ while Serrano a 21 year old from Los Angeles used VersaceGod and @SkidStar. These two defendants carried out their heinous crime by fraudulently accessing their targets cryptocurrency accounts and transferring their savings to their control. In order to mask their true identities, the two laundered the proceeds by moving funds through a different mixers as well as exchanges through peel chains, pass-through wallets and virtual private networks. Unfortunately, these two criminals had no much serious projects or missions directed to these funds they stole from their target. On the contrary, they used these stolen funds to fund their international travels, buy luxury item like watches, automobiles, designer handbags, jewelries as well as live in high-end rentals in Los Angeles and Miami. The recent instance of their indictment encounters was 18th August 2024 when the two communicated with a victim and fraudulently obtained over 4100 Bitcoin worth over $230 at once. Why the Crime Happened Based on Routine Activity Theory Defining Routine Activity Theory There are many theories that can help explain why cybercrimes happen and Routine Activity Theory is among the most