A New Zealand woman accused of murdering her elderly mother allegedly orchestrated an elaborate crypto scam just days before the killing, extracting thousands through fabricated trading profits while draining over $40,000 in crypto investments throughout the previous year. According to a local report from NewstalkZB , Julia DeLuney, 53, faces murder charges in Wellington High Court for the death of her 79-year-old mother, Helen Gregory, at her Khandallah home on January 24, 2024. Prosecutors allege DeLuney staged the scene to make it appear her mother had fallen from an attic, while forensic experts concluded the fatal injuries were inconsistent with a fall. Financial records revealed that between January 2023 and January 2024, DeLuney transferred over $90,000 to crypto platforms while accumulating a deficit of $40,902. Two days before Gregory’s death, DeLuney emailed her mother claiming a crypto investment had generated profits exceeding $160,000, requesting $18,000 for withdrawal fees that experts later testified were “totally false.” Source: NewstalkZB Elaborate Deception Preceded Alleged Murder Court testimony revealed DeLuney’s systematic theft from her mother over several months before the alleged murder. Gregory had confided in friends that two large sums totaling up to $85,000 had gone missing from her home, with her daughter later admitting to investing the money in cryptocurrency. Forensic accountant Eric Huang detailed DeLuney’s financial transactions, showing $156,555 transferred to crypto platforms against only $88,173 in withdrawals. The former school teacher received $74,850 in cash deposits and $45,000 in bank transfers from Gregory across seven months when she lacked sufficient funds to support her spending. On June 25, 2023, DeLuney made eight cash deposits totaling $29,800 at smart ATMs, with $20,000 deposited in four transactions within minutes. The pattern raised red flags about the source of the funds and her trading activities. Gregory deposited $6,000 cash into DeLuney’s account on January 23 and withdrew $9,000 from her retirement fund after receiving the fabricated profit email. Instead of crypto investments, DeLuney used the money for credit card debt, Lotto tickets, and utility payments, with only $1,200 actually invested in cryptocurrency. Family friend Cheryl Thomson testified that Gregory was upset about the unauthorized investments, recalling DeLuney’s reassurance: “ It’s all safe mum, don’t worry. ” Another friend, Elizabeth Askin, estimated the amount DeLuney had taken for crypto investments at approximately $75,000-$76,000. Regulatory Response to Growing Crypto Crime The case emerges as New Zealand implements sweeping financial crime reforms, including a nationwide ban on cryptocurrency ATMs and stricter cash transfer limits . The measures target growing criminal exploitation of digital finance tools, with police identifying crypto ATMs as primary channels for drug money laundering. New Zealand has unveiled a set of reforms, including a nationwide ban on cryptocurrency ATMs and a $5,000 cap on international cash transfers. #ATMs #Crypto https://t.co/LrL9HTJVOq — Cryptonews.com (@cryptonews) July 9, 2025 Associate Justice Minister Nicole McKee announced the measures as part of an overhaul to the country’s Anti-Money Laundering and Countering the Financing of Terrorism regime. The nationwide crypto ATM ban targets the 157 machines that police identified as facilitating untraceable transactions for drug money laundering. A new $5,000 cap on international cash transfers aims to close another popular loophole exploited by criminal groups moving money offshore. The Financial Markets Authority has also issued multiple warnings about crypto scams targeting social media users. In December 2024, the watchdog flagged over 40 suspicious trading platforms operating through YouTube channels and messaging platforms like WhatsApp and Telegram. Scammers follow calculated strategies, initially requesting small deposits to build trust before presenting fake profit statements to encourage larger investments. When victims attempt withdrawals, they face demands for additional fees with no money ever returned. Notably, the DeLuney incident follows similar incidents across the Asia-Pacific region. South Korean police investigated a suspected crypto-linked murder at a Jeju hotel in February 2025, where four Chinese nationals allegedly stabbed a man to death during a crypto exchange transaction, stealing $59,318 in cash. The global pattern of crypto-related violence and financial crimes has prompted coordinated regulatory responses, with multiple countries, like Australia , implementing stricter oversight of crypto ATMs and digital asset transactions to prevent criminal exploitation of the booming ecosystem. The post New Zealand Woman Accused of Murder After Faking $160K Crypto Profits to Mother appeared first on Cryptonews .
