New Zealand seizes $90M from Russian bitcoin fraud suspect

added 24.06.2020 20:18

by Nick Perry from m.washingtontimes.com

Coster said there was always a risk New Zealand companies would be used in international money laundering.

New Zealand police said Monday they had restrained 140 million New Zealand dollars ($90 million) from Canton Business Corporation and its owner, Vinnik, who were holding funds in a New Zealand company.

New Zealand Police Commissioner Andrew Coster said it had worked closely with the U.S. Internal Revenue Service in the case.

WELLINGTON, New Zealand (AP) - New Zealand police said Monday they have seized $90 million from Alexander Vinnik, a Russian bitcoin fraud suspect who is in French custody but is also wanted in the United States.

New Zealand’s companies register indicates Vinnik owned a company called WME Capital Management from 2008 until 2012, although the register doesn’t list him as a shareholder in any companies beyond that date.