[Washington State Man Pleads Guilty to Laundering Nearly $100 Million in Investment Fraud Proceeds] Geoffrey K. Auyeung, a 47-year-old resident of Newcastle, Washington, pleaded guilty on February 20, 2026, in the U.S. District Court in Seattle to participating in a money laundering conspiracy. Auyeung established nine fake companies, using the guise of investments in the oil and gas industry to deceive victims, funneling approximately $97.1 million in fraud proceeds into 81 bank accounts and 19 cryptocurrency accounts under his control, which were then transferred to accounts controlled by co-conspirators in Russia and Nigeria. Investigations revealed that Auyeung personally profited at least $4.07 million. Under the plea agreement, he will pay $24.7 million in restitution and forfeit approximately $10.1 million in assets. Prosecutors have recommended a 63-month prison sentence, with final sentencing scheduled for May 12, 2026.