Seven individuals have reportedly been indicted on charges of grand larceny, money laundering, and identity theft for stealing $300,000 in bitcoin from a Queens auto body shop owner. The victim’s 5.75 BTC, originally valued at $92,000, was taken by 20-year-old Aaron Peterson Jr. in November 2022 and later used to purchase luxury items, including a diamond pendant, a Rolex watch, and a Mercedes-Benz. Peterson, along with his parents, Aaron Peterson Sr. and Autumn Clark, and four others, allegedly laundered the stolen cryptocurrency through a series of small transactions. The funds were funneled through Cash App accounts and pooled into Peterson Jr.’s account before being spent on high-end goods. The suspects face up to 15 years in prison if convicted. The theft was reported to Assemblyman Clyde Vanel, who informed the Queens District Attorney’s office, leading to the indictment. Five suspects have been arrested, while two remain at large.