Crypto Influencer Sentenced for Cryptojacking Fraud
Charles O. Parks III, known as “CP3O,” received over a year in prison for orchestrating a cryptojacking operation that defrauded cloud providers of $3.5 million.
Parks used fake corporate identities to gain elevated computing privileges, mining nearly $1 million in ETH, LTC, and XMR. He pleaded guilty to wire fraud. The illicit gains funded a lavish lifestyle, leading to forfeiture of $500,000 and a luxury vehicle.