Nebraska Man’s $3.5M Cloud Scam: When Cryptomining Goes Seriously Wrong
Nebraska’s own Charles O. Parks III, aka CP3O, has pled guilty to cryptojacking, mining $970,000 in cryptocurrency while stiffing cloud providers on a $3.5 million tab. Using fake companies like “MultiMillionaire LLC,” he tricked providers into giving him VIP access, proving crime pays until the bill comes due.
Hot Take:
Looks like Charles O. Parks III, aka “CP3O”, took a page from the robot playbook but forgot to cover his tracks. Turns out, you can’t just pretend to be an LLC called “MultiMillionaire” and expect no one to notice when your cloud bill is higher than a giraffe on stilts. Who knew? The force was not with him on this one.
Key Points:
- Nebraska man, Charles O. Parks III, pleaded guilty to a cryptojacking operation.
- Parks accrued a $3.5 million bill to mine $970,000 worth of cryptocurrency.
- Used aliases like “MultiMillionaire LLC” to deceive cloud providers.
- Utilized cloud resources to mine cryptocurrencies like Ether, Litecoin, and Monero.
- Laundered his illegal earnings through crypto exchanges and extravagant purchases.
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