DOWNTOWN — In federal court in Brooklyn, Charles O. Parks III, also known as “CP3O,” was sentenced by United States District Judge Eric Komitee to one year and one day in prison for operating a large-scale illegal “cryptojacking” operation.

As part of the scheme, Parks defrauded two well-known providers of cloud computing services out of more than $3.5 million worth of computing resources so that he could mine cryptocurrency worth nearly $1 million.

Parks was charged with wire fraud, money laundering and engaging in unlawful monetary transactions in connection with the scheme and pleaded guilty to wire fraud in December 2024. As part of the sentence, Parks was ordered to forfeit $500,000 and a Mercedes-Benz luxury car purchased with proceeds from the scheme. The amount of restitution

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