FBI Seizes Bitcoin From Overseas Scammers Who Posed as US Law Enforcement officers
Jan 23, 2023 17:17 UTC
Jan 23, 2023 at 17:17 UTC
The Federal Bureau of Investigation( FBI) says it has seized bitcoin worth millions of bones from overseas scammers targeting the senior citizens. The scammers pose as members ofU.S. law enforcement agencies and tricked the victims into transferring money to them for “ keeping.”
FBI Says It Has Seized Bitcoin From Scammers Overseas
The U.S. Attorney for the District of Connecticut and the Acting Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation( FBI) claimed Friday that bitcoin and other digital means have been seized in connection with a fraudulent scheme targeting the senior. They detailed
An investigation of a fraud scheme targeting vulnerable victims has resulted in the penalty of roughly 151 bitcoins, as well as other digital means.
The case is being delivered by the FBI, theU.S. Secret Service, and the U.S. Marshals Service. At the time of jotting, the value of the allegedly seized bitcoin totaled roughly$3.5 million.
The fraud, which passed in roughly October 2020, involved overseas individualities pretending to be members ofU.S. law enforcement agencies. They targeted “ vulnerable victims, including first- generation U.S. citizens and senior persons, ” the authorities said. Through phone calls, they told the victims that their identity had been compromised. After gaining the victims ’ trust, the scammers requested transfers of money for “ keeping ” with the pledge of returning the finances plus interest. The advertisement details
Once the overseas individuals had access to the victims ’ money, they moved the money through multiple bank accounts and converted the money to digital currency in the form of bitcoin and other cryptocurrencies.
“ Law enforcement investigators traced the victims ’ money through the colorful accounts and linked a digital portmanteau holding bitcoin and other cryptocurrencies that had been bought with the victims ’ money, ” the advertisement adds. The authorities noted that the overseas scammers remain at large.
The U.S. Attorney’s Office has been granted “ a civil asset penalty seizure leave for the digital portmanteau, ” the advertisement clarifies, evolving
The U.S. Attorney’s Office used the civil asset penalty procedure because the digital means constituted the proceeds of line fraud.