Convicted scammer’s “seized” crypto moves to unknown wallets while in prison as DOJ failed to secure funds

The US Justice Department says a prisoner serving a nine-year sentence for money laundering conspired to move about $290,000 in cryptocurrency in January 2024 after a court ordered the assets forfeited to the United States. The case highlights a potential gap between a court’s forfeiture order and the government obtaining control of assets that can still be transferred. Until an agency obtains practical control of th…