RATE Group | Police seize $6.7m cryptocurrency from alleged movie pirate Jaron David McIvor in Hamilt…
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Police seize $6.7m cryptocurrency from alleged movie pirate Jaron David McIvor in Hamilt…

22 Nov Police seize $6.7m cryptocurrency from alleged movie pirate Jaron David McIvor in Hamilt…

Posted at 16:48h in Cryptocurrency News by

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Police have seized nearly $6.7 million in cryptocurrency, as well as $1.1m in bank funds, from a Hamilton man following an investigation into alleged online movie piracy in the United States.

Sound familiar? This time it is not Kim Dotcom in the sights of American authorities but a software programmer called Jaron David McIvor.

The 31-year-old lives in a modest rental property with a relative who has also been dragged into the inquiry triggered by tax officials in the United States.

There are no overt signs of wealth, such as expensive cars in the driveway.

But after the police knocked on the door on the weatherboard home in June, McIvor handed them the key codes to unlock more than $6m worth of various cryptocurrencies.

The seizure is part of an investigation into alleged online movie piracy. Photo / 123RF
The seizure is part of an investigation into alleged online movie piracy. Photo / 123RF

While cryptocurrency has been confiscated from a drug dealer in Wellington previously, this seizure is believed to be the first “high value” restraint of…

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