A Nebraska man was sentenced to one year in prison for defrauding cloud computing providers of over $3.5 million to mine cryptocurrency worth nearly $1 million.
Charles O. Parks III (also known as "CP3O") was arrested and charged in April with wire fraud, money laundering, and engaging in unlawful monetary transactions. He was facing up to 20 years in prison in December after admitting that he didn't pay a $3.5 million bill after renting cloud computing time from two providers for his cryptojacking operation.
While the Justice Department didn't name the two companies, court documents indicate that one is headquartered in Redmond, Washington, and the other is located in Seattle, Washington, where Microsoft and Amazon are based.
According to the indictment, Parks used various aliase