New Zealand police bust a movie piracy gang, seize $4.2 million in cryptocurrency.

The New Zealand police seized NZ $6.7 million ($4.2 million) in cryptocurrencies and NZ$1.1 million ($700,000) in bank funds from Jaron David Mclvor. The 31-year old software programmer was allegedly involved in online movie piracy in the United States.

According to the New Zealand Herald report, the police in the country seized over $4.2 million in cryptocurrencies from a 31-year old who was allegedly involved in movie piracy in the US. He has also been accused of money laundering.

 

Police were alerted by Inland Revenue Service.

The New Zealand police were alerted by the Inland Revenue Service in the US to a website the was operated by a man in New Zealand. The 31-year old has been accused of selling a large number of copyrighted films and laundering the proceeds. Mclvor and his associates reportedly used online international money transfer services to send remittances between the USA, Canada, New Zealand, and Vietnam. However, the police did not reveal which cryptocurrency were seized.

 

“This outcome reflects the importance of international partnerships.”

The assistant commissioner of investigations, serious and organized crime Richard Chambers said that New Zealand works closely with international law enforcement agencies to strengthen the country’s anti-money laundering approach. He added that this outcome reflects the importance of these international partnerships, and it also demonstrates the capability of investigators to prevent cyber crime and money laundering.

Earlier in November, a further NZ$472,000 in cryptocurrency and NZ$377,000 in banked funds were seized from an associate of Mclvor.

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Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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