Russian fraud suspect Alexander Vinnik,who is in French custody. New Zealand police said Monday they have seized US$90 million from Alexander Vinnik, a Russian bitcoin fraud suspect who is in French custody but is also wanted in the United States. New Zealand Police Commissioner Andrew Coster said it had worked closely with the U.S. Internal Revenue Service in the case. New Zealand police said Monday they had restrained 140 million New Zealand dollars (US$90 million) from Canton Business Corporation and its owner, Vinnik, who were holding funds in a New Zealand company. Coster said there was always a risk New Zealand companies would be used in international money laundering.

Source: The Standard June 22, 2020 08:05 UTC