New Zealand police seized crypto worth $6.7M from movie pirate


New Zealand law enforcing agencies have arrested Jaron David Mclvor, a programmer and movie pirate. The police also seized crypto assets worth 6.7 million USD and more than a million in bank funds.

New Zealand police arrest movie pirate and seize his funds

The law agencies made the arrest after investigating an online movie piracy case. According to too the reports, Jaron was living with a relative that is sought after by US tax agencies. Notably, he lived on rental property and had little wealth at the place.

Banks and other financial institutions have the authority to freeze bank accounts if there is a suspicion that they earned it through illicit means. This allowed the police to seize more than a million dollars that he had stored in his bank account.

Jaron was facing charges of committing money laundering as he earned money through illegal means. Apparently, Jaron had assisted in developing a website that published pirated movies. Allegedly, he used to upload movies on the website without permission from the publishers.

IRS and PayPal assisted in the arrest of movie pirate

Reportedly, the United States’ Internal Revenue Service had informed New Zealand authorities about Jaron David. The IRS claimed that they received reports of suspicious activity by PayPal regarding Jaron. After studying the report, the IRS tracked Jaron to New Zealand and subsequently informed the authorities which arrested him.

Jaron is not the only one involved in movie piracy as reports suggest that other such actors were residing in Canada, Vietnam, and the United States.

Jaron had earned around 2 million dollars through the website, which he received through PayPal and Stripe. Apparently, he had accumulated the remaining wealth by trading digital currencies.

Ahmad Asghar

Ahmad Asghar

A first generation gamer at heart and tech buff by nature, have been involved in the tech sector for better part of a decade. With that insight and knowledge, he now covers blockchain, cryptocurrency and everything fintech so others can make sense of the industry.

Related News

Hot Stories

Avalanche partners with Alibaba Cloud to launch new validators
Binance Coin price analysis: BNB/USD bearish as prices slip to $1.00
Cardano price analysis: ADA rebounds to $0.324 after bullish behavior
Ethereum price analysis: ETH/USD continues to hover around $1,290 with a minor bearish bias
S. Korean court rejects arrest warrant for Terra co-founder Shin

Follow Us

Industry News

Avalanche partners with Alibaba Cloud to launch new validators
S. Korean court rejects arrest warrant for Terra co-founder Shin
FTX ex-president plans new crypto startup
MetaMask founder comments on Apple's demand for a 30% cut of the NFT gas fee
Stripe unveils new crypto to fiat feature

Add Your Heading Text Here