Added on 29 June 2017 at 11:04
A 30-year-old man has been charged with fraud and money-laundering offences.
Ryan Kennedy of no fixed address, Bristol, is to appear at Bristol Magistrates Court on Wednesday 5 July.
He has been charged with a number of offences under the Fraud Act 2006 and Proceeds of Crime Act 2002. It is alleged the offences were committed between January – December in 2014. This included the theft of Bitcoins to a value in excess of £1 million, that were then spent on a luxury lifestyle.
This follows a three-year investigation by Economic Crime Team investigators from Avon and Somerset’s Complex Crime Team (Investigations).