A Seattle-area resident was recently indicted for nine counts of money laundering in connection to an investment scam that stole millions of dollars.
Geoffrey K. Auyeung, of Newcastle , was arrested on August 12 and is scheduled to be arraigned on September 5.According to records filed in the case, Homeland Security Investigations traced $64 million in funds coming into 74 different bank accounts controlled by Auyeung.The 46-year-old is accused of managing many accounts in the names of different business entities that were used in an elaborate wire fraud scheme.
Auyeung is accused of using multiple business names to front the scam, including Sea Forest International LLC, Apex Oil and Gas Trading LLC, Navigator Energy Logistics LLC, Terminal Energy International Escrow Service LLC, Energo Horizons Logistics LLC, Legacy Energy Logistics Transport Group LLC, and Green Tree Gateway LLC.The scheme, which went on for two years, had at least 22 confirmed victims with a combined loss of $7.7 million.
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