{"id":90967,"date":"2025-08-18T03:35:06","date_gmt":"2025-08-18T03:35:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/90967\/"},"modified":"2025-08-18T03:35:06","modified_gmt":"2025-08-18T03:35:06","slug":"cryptojacker-sentenced-to-1-year-for-3-5m-cloud-computing-fraud-scheme","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/90967\/","title":{"rendered":"Cryptojacker Sentenced to 1 Year for $3.5M Cloud Computing Fraud Scheme"},"content":{"rendered":"<p style=\"margin-top:0;margin-bottom:10px\">&#8211; Charles Parks III was sentenced to 1 year and 1 day for defrauding cloud providers of $3.5M in computing resources used for crypto mining.<\/p>\n<p style=\"margin-top:0;margin-bottom:10px\">&#8211; He created fake LLCs and falsely claimed to build a training firm, while secretly diverting resources to mine $1M in ETH, LTC, and XMR.<\/p>\n<p style=\"margin-top:0;margin-bottom:10px\">&#8211; Parks laundered proceeds via crypto exchanges and NFT platforms, buying luxury items before pleading guilty to wire fraud in December 2024.<\/p>\n<p style=\"margin-top:0;margin-bottom:10px\">&#8211; The court ordered $500K forfeiture and Mercedes-Benz seizure, with restitution pending, as officials condemned his &#8220;lies and theft&#8221; over claimed innovation.<\/p>\n","protected":false},"excerpt":{"rendered":"&#8211; Charles Parks III was sentenced to 1 year and 1 day for defrauding cloud providers of $3.5M&hellip;\n","protected":false},"author":2,"featured_media":71548,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[191,74],"class_list":{"0":"post-90967","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-computing","8":"tag-computing","9":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/90967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=90967"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/90967\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/71548"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=90967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=90967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=90967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}