Charles O. Parks III, 45, allegedly stole $3.5 million in cloud computing services to mine $1 million in ether, litecoin, monero and other cryptocurrencies in a purported "cryptojacking" scheme, according to the U.S. Department of Justice.

Cryptojacking involves using someone else's computer power to mine cryptocurrency for yourself. According to an official government release, Parks allegedly defrauded two "well-known" cloud computing providers, wire fraud, money laundering and illicit monetary transactions. Parks will make his first federal court appearance on April 16 after his initial arrest on April 13 in Nebraska.

Parks purportedly used numerous aliases such as “MultiMillionaire LLC” and “CP3O LLC” to register obtain “massive amounts” of computing processing power without paying …