Charles O. Parks III sentencing for cloud cryptojacking fraud
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Charles O. Parks III was sentenced to one year in prison for a cloud-fraud cryptojacking scheme that stole more than $3.5 million in computing services and generated nearly $1 million in cryptocurrency. The federal punishment closes a major cybercrime case involving unauthorized cloud resource abuse, money laundering, and illicit mining profits.
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18.08.2025 22:05 1 articles · 9mo ago
Charles O. Parks III receives one-year federal prison sentence
Legal Policy Action UpdateCharles O. Parks III, also known as CP3O, was sentenced to one year in prison for defrauding two cloud computing providers of more than $3.5 million in cloud resources and using those resources for a cryptojacking operation that mined cryptocurrency worth nearly $1 million. He used aliases and entities he controlled to obtain access without payment and laundered the proceeds through crypto exchanges, online payment services, an NFT marketplace, and bank accounts.
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- Nebraska man gets 1 year in prison for $3.5M cryptojacking scheme — www.bleepingcomputer.com — 18.08.2025 22:05