$10.5 million cryptocurrency case: woman charged for mistakenly transferring platform money to her account

A Melbourne woman faces criminal charges after more than $10 million was mistakenly transferred to her bank account from a cryptocurrency trading platform.

In May 2021, Crypto.com intended to refund Thevamaogari Manivel $100, but the 37-year-old was mistakenly transferred $10,474,143 instead.

For seven months, through December 2021, the company didn’t realize its mistake.

Watch the latest news on Channel 7 or stream for free on 7plus >>

Crypto.com initiated legal action against Manivel and others in the Victorian Supreme Court’s Commerce Division in February of this year.

The company was granted a freeze on its Commonwealth Bank account, but by then most of the money had been transferred to other accounts.

A Melbourne woman faces prosecution after Crypto-com mistakenly wired her more than $10 million. (AP PHOTO) Recognition: AP

About $1.35 million was used to buy a home in Craigieburn, transferring ownership of the property to Manivel’s sister, Thilagavathy Gangadory, who lived in Malaysia, the court previously heard.

Manivel stood before Melbourne Magistrates Court on Tuesday after being charged with two dealings in crime proceeds. She emerged from prison via video link.

Defense attorney Jessica Willard said Manivel was told by one of the co-accused perpetrators that she won the money.

She has been accused of dealing with proceeds of crime “namely A$10,474,143 wrongly transferred from Crypto.com to her bank account whilst being negligent as to whether or not the proceeds of crime are crime proceeds”. from court documents.

Manivel was also charged with handling $11,750 in cash believed to have been obtained from criminal offenses in Tullamarine on March 17, 2022.

The matter will be heard in court on October 11.

CNBC’s MacKenzie Sigalos joins The News with Shepard Smith to cover the trend of spouses hiding money through crypto assets while divorcing.

CNBC’s MacKenzie Sigalos joins The News with Shepard Smith to cover the trend of spouses hiding money through crypto assets while divorcing.

https://7news.com.au/news/vic/105-million-cryptocurrency-case-woman-charged-over-platforms-mistaken-transfer-to-her-account-c-8371397 $10.5 million cryptocurrency case: woman charged for mistakenly transferring platform money to her account

James Brien

24ssports is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@24ssports.com. The content will be deleted within 24 hours.

Related Articles

Back to top button