The criminal group, which included 12 members, operated for approximately two years. According to court documents, individual thefts ranged from $800 000 to tens of millions of dollars, with one specific heist resulting in the theft of $245 million from a single victim.
The gang members spent their proceeds on a fleet of 31 exotic cars valued between $100 000 and $3 800 000 each. They also incurred nightclub expenses of up to $500 000 per night, rented luxury properties in Los Angeles, Miami, and the Hamptons, and utilized private jets.
Lam was arrested in September 2024, and the group ceased operations around May 2025. Lam has pleaded guilty to RICO violations and faces a potential 20-year prison sentence, with a status hearing set for December 8 of this year.
Another member of the group, Marlon Ferro, received a 6.5-year prison sentence in May. Ferro was responsible for physical burglaries conducted when social engineering attacks failed to compromise the targets.
