Twelve Additional Defendants Indicted in RICO Conspiracy Involving Over $263 Million in Cryptocurrency Theft, Money Laundering, and Residential Break-Ins

A recent superseding indictment has been unsealed in the U.S. District Court, charging 12 individuals, comprising both American citizens and foreign nationals, with involvement in a sophisticated cyber-enabled racketeering conspiracy. This criminal operation is alleged to have generated revenues exceeding $263 million.

As part of their extravagant spending, the defendants reportedly allocated approximately $4 million to nightlife establishments and roughly $9 million on luxury vehicles. The details surrounding these expenditures underline the vast resources accumulated through illicit activities. Law enforcement agencies have initiated a series of arrests connected to this case, signaling a robust response to cybercrime.

The indictment represents a significant step in addressing the growing threat posed by cybercriminals who exploit digital platforms for financial gain, highlighting the importance of vigilance and proactive measures in tackling cyber-enabled crimes on both national and international fronts.