The group grew through connections on online gaming platforms and included people based in California, Connecticut, New York, Florida, as well as other countries. Its members relied on social engineering and, at times, home break-ins to gather information that helped them drain victims’ crypto wallets.
US Attorney Pirro said,
“If you build a cybercrime empire, we will find you, dismantle your operation, and hold you accountable. This defendant led an international network that preyed on victims through deception, invaded their privacy, and stole hundreds of millions of dollars in cryptocurrency. Working with our partners at the FBI and IRS-CI, we will continue to hunt down the criminals who weaponize technology to steal from innocent people.”
Nightclubs, Exotic Cars, and Luxury Spending
Lam, who used the aliases “Anne Hathaway,” “$$$” and “King Greavy,” allegedly organized the operation, selected targets and assigned roles among the conspirators. The stolen funds were then spent heavily on luxury goods and services. The group paid as much as $500,000 for a single night of nightclub services, bought handbags worth tens of thousands of dollars to give away at nightclub parties, and purchased watches worth $100,000 to more than $500,000.
They also spent tens of thousands on luxury clothing, rented homes in Los Angeles, the Hamptons, and Miami, hired private jets and a private security team, and acquired exotic cars worth between $100,000 and $3.8 million. Law enforcement arrested Lam on September 18, 2025, at his rental home in Miami.
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