A man has been arrested on reported money laundering an illicit operations of piracy. The authorities seized cryptocurrency assets worth some $6.7 million. Authorities in New Zealand have arrested a man and seized crypto assets worth some $6.7 million, plus more than a million in bank funds. The programmer and movie pirate, Jaron David Mclvor, has been taken in by authorities after the investigation of an online movie piracy case. 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 had reportedly 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. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/USD slumps to fresh 10-day lows near 1.1000 FX Street 3 years A man has been arrested on reported money laundering an illicit operations of piracy. The authorities seized cryptocurrency assets worth some $6.7 million. Authorities in New Zealand have arrested a man and seized crypto assets worth some $6.7 million, plus more than a million in bank funds. The programmer and movie pirate, Jaron David Mclvor, has been taken in by authorities after the investigation of an online movie piracy case. 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… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.