Global Investigation Led by US DOJ Sees Extradition of 12 Bitcoin Scammers to US for Fake eBay Car Sales

2019-2-12 02:58

The US Department of Justice (DOJ) recently announced that they had charged an international crypto fraud cartel that was involved with millions of dollars in thefts. The cartel was made up of 20 individuals, of which 16 were foreign members, and they are being charged with defrauding the American citizens. Working with foreign authorities, the DOJ managed to extradite the criminals back to the US.

The DOJ issued a statement, in which Assistant Attorney General Benczkowski said,

“The defendants allegedly orchestrated a highly organized and sophisticated scheme to steal money from unsuspecting victims in America and then launder their funds using cryptocurrency.”

In the statement, the DOJ explained that the criminals had defrauded the public with the listing of multiple products on online auction websites. The products, which were mostly cars, did not even exist in the first place, and the scammers were only able to improve the believability of their project by connecting with US-based associates.

The money was sent to the US-based associates, so as not to raise alarm about the changing currency. These locals switched the payments received from the auction sites into cryptocurrency and sent on the funds to the mainly Romanian conspirators. Most of the scammers pretended to be military service members from the United States, pretending that they have to deploy soon.

U.S. Attorney Duncan is quoted in the report as well, saying,

“This prosecution stems from a multi-year investigation initiated in Kentucky led by the US Secret Service, in cooperation with several local, state, federal, and international law enforcement partners.”

Cryptocurrency is solely not responsible for the whole of money laundering, because money laundering has been around for decades. However, this is easily one of the many cases in cryptocurrency that shows how easy it is for scammers to send money all over the world at great speed, as TheNextWeb points out in their report of this event.

Secret Service Director Randolph “Tex” Alles explained,

“Today’s announcement demonstrates the success of the collaborative efforts of our worldwide network of law enforcement partners.”

He added,

“This is a shared win for law enforcement across the globe. I would like to thank the more than a dozen law enforcement agencies worldwide who helped us investigate this case, each played a vital role in its success.”

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charged foreign doj cartel made millions dollars

charged foreign → Результатов: 5


Фото:

12 Bitcoin scammers extradited to US for selling fake cars on eBay

An international cryptocurrency fraud cartel has been busted by a joint investigation between US and foreign authorities. The US Department of Justice (DOJ) announced last week that it has charged 20 people, including 16 foreigners for being part of an international organized crime syndicate that saw American citizens defrauded for millions of dollars.

2019-2-11 17:00


Taiwanese Crypto Con Artists Arrested for $51 Million Bitcoin Investment Scam, Violated Country’s MLM Policies

A Group of Bitcoin con artists in Taipei, Taiwan, have recently been charged by the police for creating a crypto scam that took millions of dollars from investors. Both foreign and local investors were fooled according to The Next’s Web’s Hard Fork, which has also reported on this story. The scam began on October 2016 […]

2019-1-18 23:03


Фото:

Bitcoin con artists charged with $51M investment scam

In Taipei, a group of Bitcoin con artists have been charged with running an elaborate cryptocurrency scam that defrauded local and foreign investors out of millions of dollars. Authorities formally charged a 47-year-old man surnamed Lin, along with six accomplices, with violating Taiwan‘s Banking and Multi-Level Marketing Supervision acts with a fake Bitcoin investment scam, reports FocusTaiwan.

2019-1-18 16:03