Who is Malone Lam? 13 Indicted in $263M RICO Conspiracy

Since the authorities broke Malone Lam last year, when he, together with members of his group, stole more than $ 263 million in cryptography through social engineering, electronic fraud and the schemes of money unqualization, the implementation of the scheme. Individuals

On May 15, 2025, a judicial document revealed that LAM and at least another 12 to be part of a “social engineering company”. According to reports, members through online games portals and planned together to identify and cheat high value cryptography holders.

The accusation appoints Lam, 20 and Conor Flansburg, 21, as the two main defendants. Lam operated under numerous alias online, including “SSS”, “King Grawys” and “Anne Hathaway”, to orchestrate the borders. The authorities have reserved for the 13 suspects under the Law of influential and corrupt organizations (rich) of Racketeer.

The union modus operandi included stealing cryptographic wallets, converting assets into US dollars and washing procedures. In one of those cases, Lam and his group stole 4100 bitcoins of a single victim in the United States.

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The union was equally functional with lamb bars

The FBI arrested Lam, who was central in the scheme, in September 2024 while working with Jeantiel Serrano, who has not been appointed in the accusation.

The authorities affirm that the master mind (LAM) continued managing operations of their arrest, supposedly communicating with other members to approve and receive information.

The other suspects are Marlon Ferro, Hamza Doost, Kunal Mehta, Ethan Yarall, Cody Demirtas, Aakaash Anand, Evan Tangeman, Joel Cortes, Tucker Desmond and two members called FNU LNU 1 and 2, with having.

The charges include organized crime, the conspiracy to commit electronic fraud, money laundering and justice obstruction. On May 19, 2025, LAM appeared in a Washington court, DC, where he declared himself innocent to his accusation.

As reported, he rejected a guilt agreement after consulting with his legal team. However, if it is convicted, LAM faces a minimum prison period of 20 years, a fine of up to $ 250,000, or until double the amount obtained from its scams.

His trial is scheduled to begin in October 2025.

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– Oxylana (@oxysolana) January 20, 2025

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Modus Operandi Standard Lam & Co

The criminal union operated from October 2023 to March 2025, performing cryptography robberies in the United States and abroad. The members had specific roles, which include piracy of databases, organization, identification of objectives, making scam calls, money laundering and even Burgly.

Organization roles, Typically Filled in By Lam and Flansburg, identified Legitimization, legitimization, legitimization, legitimization, legitimization, legitimization, legitimization, legitimization, legitimization, legitimation.

In addition, the group would also resort to theft if they found substantial cryptographic holdings on physical devices. In one of those cases, a member of his group traveled to New Mexico and broke into the house of a victim who Lam tracked through Icloud.

Then, the group washed the robbed cryptography through exchanges on the high seas, made it and distributed it among other members through cash and cable transfers.

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Syndicate covered their footprints through straw owners and Shell companies

Lam and CO used straw owners and ghost companies to hide their ownership of houses and cars. In one case, Lam tried to travel a house of $ 3 million, but the real estate agent advised him against her, since he had placed the property under the name of another person to obscure the property of Lam.

In addition, internal messages between two members revealed how the group disguised and hid their exotic cars owned. A member said: “Our goal is to cover our clues in a way that if something returns, we are covered and we have no stress.”

However, the shocking thing is that the group also received internal notifications of law officers out of service. In September 2024, an officer told a money exchanger that federal agencies were investigating the group. According to the reports, the same month, Lam obtained details about the investigation and threw his phone to Biscayne Bay upon learning of his imminent trial.

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Group blew $ 500,000 per night in nightclubs

Lam and his group were delivered with a luxurious lifestyle, renting luxury houses in Los Angeles, the Hamptons and Miami. Private airplanes flew and hired private security. They blessed more than $ 500,000 per night in nightclubs, brand bags endowed at parties and clothing and high -end WUE watches.

The group even bought firearms to protect from rival cyber crimes groups. The authorities now plan to take 28 luxury cars, including Lamborghinis, Porsches, Rolls-Royces and Ferraris, for a value of between $ 100,000 and $ 3.8 million. In addition, the confiscos list includes more than 90 luxury items, including Louis Vuitton pillows and design shoes.

Judicial documents also revealed that stolen funds were used to finance the legal defense of Lam.

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The publication who is Malone Lam? 13 accused of rich conspiracy of $ 263 million first appeared in 99Bitcoins.