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in Crypto Investment Scam
foxnews.com
· 2025-12-08
Android is launching enhanced security features across Android 16 and select earlier devices to combat phone scams, fraud, and theft. Key protections include in-call blocks that prevent scammers from manipulating device settings during calls with non-contacts, AI-powered scam detection in Google Messages that identifies suspicious patterns in real-time, and Key Verifier for identity verification through encrypted keys. These features are designed to protect users from toll road scams, cryptocurrency fraud, financial impersonation, and tech support scams, with most analysis occurring on-device to maintain privacy.
malwarebytes.com
· 2025-12-08
Malwarebytes research surveying 1,300 people across the US and Europe found that 78% encounter scams on their smartphones at least weekly, with 44% encountering them daily, primarily through email (65%), phone calls/voicemails (53%), text messages (50%), malicious websites (49%), and social media (47%). Despite the high frequency of scam encounters, only 15% of respondents strongly agreed they could confidently identify a scam, highlighting the need for caution when receiving messages from unknown senders or urgent requests for money or personal information.
shreveportbossieradvocate.com
· 2025-12-08
Door-to-door solar panel scams in northwest Louisiana have victimized residents with high-pressure sales tactics, leaving some liable for over $40,000 in fraudulent loan repayments for units marketed as "free." Fraud is also evolving to include online scams such as phishing emails, impersonation of law enforcement and government agencies via phone and text, and cryptocurrency and gift card fraud, with Louisiana experiencing nearly $47 million in fraud losses in 2023. Experts recommend protective measures including posting no-soliciting signs and avoiding clicking unknown links, answering unfamiliar calls, or engaging with unrecognized communications.
fortune.com
· 2025-12-08
The Department of Justice seized $225 million in cryptocurrency from a "pig butchering" scam operation—where fraudsters build trust with victims before tricking them into sending large sums of money—marking the largest U.S. crypto seizure of its kind; the funds were traced to a scam compound in the Philippines and laundered through crypto exchange OKX, with investigators identifying over 430 victims including Shan Hanes, former CEO of Heartland Tri-State Bank, who was sentenced to 24 years for stealing $47 million from his bank to invest in what he believed was a legitimate cryptocurrency opportunity. Cryptocurrency scam losses in the U.S. sur
whec.com
· 2025-12-08
Scammers increasingly use psychological manipulation tactics and AI technology—including deepfakes, voice disguise, and fake websites—to deceive consumers, particularly targeting vulnerable individuals seeking work-from-home opportunities or financial gains. Dr. Martina Dove, a behavioral science expert, explains that scammers exploit human traits like commitment and desperation, often using AI-generated training materials and fake job postings to build trust before defrauding victims. Consumers can protect themselves by consulting ChatGPT to verify suspicious messages, seeking input from trusted friends and family, and remembering that offers that seem too good to be true usually are.
therecord.media
· 2025-12-08
The U.S. Department of Justice filed a civil forfeiture complaint to seize $225.3 million in cryptocurrency stolen from over 430 victims across multiple states through romance scams and investment fraud schemes operated by actors in the Philippines and Vietnam. Scammers, operating from what authorities believe were "scam compounds," contacted victims via social media posing as potential romantic interests or legitimate investment advisors, directing them to deposit funds into fraudulent cryptocurrency platforms before locking them out of accounts. This represents the largest cryptocurrency seizure in U.S. Secret Service history and demonstrates law enforcement's growing capacity to use blockchain analysis to trace and recover stolen digital assets.
lethbridgeherald.com
· 2025-12-08
**Seniors and Financial Fraud - Overview and Rising Threats**
People age 60 and over lost $3.4 billion combined to fraud in 2023, with scammers increasingly targeting older adults through evolving methods including phone impersonation, online platforms like Facebook, and cryptocurrency schemes. Common scams include the grandparent scam, tech support fraud, romance scams, and investment schemes that exploit seniors' trust and lower technological proficiency. Law enforcement notes that fraudsters now use sophisticated tools and AI to appear more credible, making it essential for seniors to remain vigilant about unsolicited contact and requests for personal or financial information.
yahoo.com
· 2025-12-08
In 2023, Americans lost $1.14 billion to romance scams, with the FBI reporting 17,910 complaints and $672 million in losses in 2024. Scammers build fake online relationships through stolen photos and personas on dating apps and social media, using emotional manipulation ("love bombing") to gain trust before requesting money, gifts, or sensitive information. Victims—who are often lonely, grieving, or trusting—experience lasting emotional and financial damage, with cryptocurrency increasingly used as the payment method due to its difficulty in tracing.
wsbtv.com
· 2025-12-08
Romance scams defraud victims through fake online relationships, with Americans losing an estimated $1.14 billion in 2023 and the FBI reporting $672 million in losses from 17,910 complaints in 2024. Scammers build emotional trust through "love bombing" on social media and dating apps (40% and 19% of cases respectively), then manipulate victims into sending money, gifts, or cryptocurrency—with crypto transfers showing the highest median losses. These schemes cause lasting emotional and financial damage to vulnerable individuals seeking companionship, with the real toll likely higher due to underreporting.
ksl.com
· 2025-12-08
Scam Jam, an educational event held in Sandy, Utah, brought together FBI and AARP experts to educate residents about common fraud schemes including romance, internet, cryptocurrency, and tech support scams. The event featured a personal testimony from Rita, who lost several thousand dollars to a romance scam impersonating a celebrity, emphasizing the importance of reporting fraud despite the emotional and financial toll. Utah reported over 150,000 fraud cases totaling $61 million in losses, with experts stressing that fraud prevention through awareness and recognizing red flags is more effective than recovery efforts.
bankingjournal.aba.com
· 2025-12-08
The Department of Justice seized $225.3 million in cryptocurrency linked to investment scams, marking the largest cryptocurrency seizure in Secret Service history. Over 400 victims lost funds after being deceived into making fraudulent crypto investments through a sophisticated money laundering network. Cryptocurrency investment fraud caused more than $5.8 billion in reported losses in 2024, with law enforcement and banking organizations working to raise public awareness about these scams.
yahoo.com
· 2025-12-08
In 2023, Americans lost an estimated $1.14 billion to romance scams, emotional cons in which scammers build fake online relationships to manipulate victims into sending money, gifts, or sensitive information. The FBI reported 17,910 romance scam complaints in 2024 totaling $672 million in losses, with scammers increasingly using cryptocurrency for faster, harder-to-trace payments. These scams typically begin on social media (40%) or dating apps (19%), where perpetrators use stolen photos and fake personas to establish emotional trust through "love bombing" before requesting money from vulnerable targets who feel they are helping a romantic partner in crisis.
floridadaily.com
· 2025-12-08
In 2024, Americans reported over $12.5 billion in fraud losses, with investment and cryptocurrency scams ranking as the top threat (median loss $5,000), followed by employment scams ($1,500 median loss) and romance scams ($6,099 median loss). Active-duty military members are most vulnerable to scams at 55.5%, while Americans aged 35 and older face the highest risk from investment and cryptocurrency schemes, and social media remains the primary channel for reported financial losses. Though fewer Americans fell victim to scams year-over-year (down 14.6%), median losses increased 30%, indicating that victims are losing significantly larger amounts.
pcmag.com
· 2025-12-08
The US Justice Department filed a civil forfeiture complaint to recover $225.3 million in stolen Tether cryptocurrency from seven virtual currency addresses, with the goal of returning funds to at least 430 victims of cryptocurrency investment scams. The scams, often called "pig butchering," typically begin with contact via text, social media, or dating apps, where perpetrators build rapport before manipulating victims into fake investment schemes; the FBI estimates these frauds caused $9.3 billion in losses in 2024, with seniors over 60 losing approximately $2.8 billion. Victims who believe they were affected are urged to file reports through the FBI's Internet Crime Complaint Center website
the420.in
· 2025-12-08
A Panchkula resident lost ₹19 lakh to an online trading scam conducted via WhatsApp, where fraudsters posing as investment consultants lured the victim into a fake trading app that displayed fabricated profits before becoming unresponsive when withdrawal was attempted. Police registered a case under IPC and IT Act sections and launched an investigation into the suspects' phone numbers and bank accounts. Authorities advised the public to verify credentials of financial advisors and avoid transferring large sums based on online promises of unrealistic returns.
dentonrc.com
· 2025-12-08
This educational article presents a quiz-format overview of common elder fraud schemes and prevention strategies, based on insights from a Texas Elder Justice Coalition summit. Key scams covered include romance/pig butchering scams, tech support fraud, impersonation scams using AI, fake lottery schemes, and caregiver theft, with recommendations including reporting to IC3.gov, using family code words, and recognizing warning signs like secretive apps and unusual bank activity.
ktvz.com
· 2025-12-08
In 2023, Americans lost an estimated $1.14 billion to romance scams, with the FBI reporting 17,910 complaints totaling $672 million in 2024 alone. Romance scammers build fake online relationships on social media and dating platforms to manipulate victims into sending money, gifts, or sensitive information, using emotional manipulation ("love bombing") and moving conversations to private messaging apps to avoid detection. These scams disproportionately affect lonely, grieving, or trusting individuals, and victims experience lasting emotional and financial trauma beyond the immediate monetary loss.
tradingview.com
· 2025-12-08
A $50 million Telegram-based OTC cryptocurrency scam targeting venture capitalists and crypto investors was exposed in June 2025, involving tokens like SUI, NEAR, and Axelar. The scheme, operated by "Source 1" (identified as Ravindra Kumar, of Indian origin), used a Ponzi structure offering deep discounts on high-profile tokens with vesting periods to build trust before stopping token distributions; despite public warnings from project teams, investors continued participating until the collapse on June 1, 2025, with only $100,000 reportedly recoverable. The scam demonstrates how social hype and initial successful transactions on unregulated platforms can override investor
ktar.com
· 2025-12-08
This article identifies five prevalent scams currently targeting consumers: AI voice cloning (where scammers impersonate trusted individuals to request money, exemplified by a victim who lost $25,000), fake bank account freezes (one victim lost over $300,000), cryptocurrency investment schemes promoted through social media (a Georgia couple lost $800,000), gold bar scams impersonating law enforcement or banks (a 72-year-old lost $3.1 million), and pet emergency scams. The article provides protective measures for each scam type, emphasizing verification through direct contact, avoiding unsolicited links, skepticism of social media strangers, awareness that legitimate authorities don't request asset conversion
bernama.com
· 2025-12-08
Two men in Penang—a 57-year-old insurance agent and a 73-year-old retired accountant—lost a combined RM2.35 million (approximately RM1.5 million and RM855,001 respectively) to separate online investment fraud schemes. Both victims were lured by social media advertisements promising high investment returns, contacted female suspects via WhatsApp, and made multiple transfers to fraudulent investment applications before discovering they could not withdraw profits or access their funds. Police are investigating both cases under cheating charges and working to identify the fraud syndicate network.
finance.yahoo.com
· 2025-12-08
The FBI has filed to seize nearly $680,000 in cryptocurrency from a sophisticated romance scam targeting professionals on LinkedIn and dating apps. Two victims—a Solon, Ohio resident who lost $500,000 and an Arizona woman who lost $63,000—were deceived into investing in cryptocurrency after scammers built trust through social media before moving conversations to encrypted platforms. Investigators traced the stolen funds across blockchain networks, identifying how criminals converted the stolen assets to Tether stablecoin, demonstrating law enforcement's growing ability to track cryptocurrency fraud despite the technology's irreversible transactions and pseudonymous nature.
blog.knowbe4.com
· 2025-12-08
According to the FTC's October 2024 report, Americans lost an estimated $158.3 billion to scams in 2023 (approximately $433 million daily), with roughly 21 million U.S. citizens successfully scammed annually after adjusting for significant under-reporting. The top scams include investment fraud (often initiated through fake text messages leading to cryptocurrency schemes), fake job postings on legitimate employment sites, romance scams enhanced by AI deepfakes, tech support scams impersonating major tech companies, and fake vendor schemes.
wired.com
· 2025-12-08
One month after Telegram banned two major Chinese-language cryptocurrency scam marketplaces (Haowang Guarantee and Xinbi Guarantee) that had facilitated $35 billion in transactions, the black market operations have largely reconstituted themselves on the platform. Smaller competing marketplaces, particularly Tudou Guarantee (which has doubled in size to 289,000 users and now processes approximately $15 million daily), have filled the void left by the bans and continue enabling money laundering for investment scams operating from Southeast Asian compounds that victimize millions worldwide and exploit forced labor. Telegram's enforcement appears ineffective, as the same illicit services—money laundering, stolen
ohioattorneygeneral.gov
· 2025-12-08
Ohio Attorney General Dave Yost convened a sold-out World Elder Abuse Awareness Month conference at Ohio State University to address emerging threats to older adults, including cryptocurrency scams, modern financial fraud, and AI-enabled schemes in the digital era. Yost announced a new partnership with the Ohio Pharmacists Association to train pharmacists in recognizing abuse warning signs and promoting the Elder Abuse Hotline (1-855-OHIO-APS), leveraging pharmacists' regular contact with seniors over 60. The state's Elder Justice Unit and newly expanded Electronic Fraud Investigations unit work to identify criminal operations targeting older adults, recover stolen funds, and support victims across all demographic backgrounds
techradar.com
· 2025-12-08
In 2025, scammers are expected to leverage AI-driven tactics to conduct increasingly sophisticated fraud, building on the $1.03 trillion stolen in 2024. The article identifies five emerging scams including AI-powered robocalls with cloned voices, SIM swap attacks targeting two-factor authentication weaknesses, and OTP bot attacks, while noting common warning signs such as unsolicited urgent communications, requests for money transfers or app downloads, and suspicious video or audio inconsistencies. Consumers are advised to recognize these red flags and use enhanced security tools to protect themselves against evolving fraud schemes.
clickorlando.com
· 2025-12-08
Cindy Burns of Winter Springs, Florida, lost $15,000 to scammers who impersonated bank and Apple employees through a text message phishing scheme, ultimately convincing her to convert the money to Bitcoin. The Federal Trade Commission reported Americans lost $12.8 billion to fraud last year, with imposter scams ranking third; experts emphasize that social engineering exploits trust and manipulation to compromise personal information. To protect yourself, independently verify suspicious account alerts by calling official numbers directly, never provide information to unsolicited callers, and immediately recognize cryptocurrency conversion requests as likely scams.
foxnews.com
· 2025-12-08
Modern scams increasingly use AI voice cloning, fake bank alerts, cryptocurrency schemes, gold bar frauds, and pet emergencies to deceive victims out of thousands to hundreds of thousands of dollars. Notable cases include a man who lost $25,000 to an AI voice clone impersonating his son, another who lost $300,000 to a fake bank freeze scam, and a retiree defrauded of $3.1 million in a gold bar scheme. Protective measures include verifying caller identity through direct contact, accessing bank accounts independently rather than through provided links, avoiding investment opportunities from social media strangers, and recognizing that legitimate law enforcement does not request money transfers or asset convers
hindustantimes.com
· 2025-12-08
This educational article identifies eight prevalent online scams in 2025, including phishing, verification malware, impersonation, fake job offers, holiday delivery fraud, donation scams, romance scams, and fake police calls. The article advises readers to watch for red flags such as urgency in messaging, requests for sensitive information (OTPs, passwords), unsolicited job offers asking for upfront payment, suspicious links, and emotional manipulation tactics. Key protection strategies include verifying sender identity through official channels, avoiding clicking links in unsolicited messages, never running commands from unknown websites, and being skeptical of legitimate-seeming requests from companies or government agencies.
tcsheriff.org
· 2025-12-08
Travis County Sheriff's Office warns residents about phone scams impersonating law enforcement and financial institutions to demand immediate payment via untraceable methods like cryptocurrency, wire transfers, and gift cards. Common scams include jury duty fines, grandchild-in-jail schemes, and fake bank fraud alerts that trick victims into withdrawing money or providing personal information. Residents should never send money over the phone to unknown callers and should independently verify requests by contacting official agencies directly rather than calling back spoofed numbers.
atmmarketplace.com
· 2025-12-08
ATMIA expanded its Crime Management Intelligence System to track cryptocurrency ATM incidents, addressing a growing scam trend where fraudsters impersonate family members or authority figures to trick victims into depositing money into bitcoin ATMs controlled by the criminals. The new Crypto Incident category allows ATMIA members and law enforcement to document these crimes, following concerns that have prompted some jurisdictions like Spokane, Washington to ban cryptocurrency ATMs entirely.
pa.gov
· 2025-12-08
Pennsylvania state agencies warned residents about a fake inheritance scam targeting older adults, in which scammers impersonated Commonwealth employees via spoofed emails claiming a distant relative had left money and demanding hundreds of thousands of dollars in upfront fees to release the funds. Officials stressed that legitimate Pennsylvania agencies use @pa.gov email addresses, will not demand quick action or secrecy, and urged residents to verify requests with trusted contacts before responding.
huffpost.com
· 2025-12-08
According to the FBI's annual internet crime report, seniors lost nearly $5 billion to scams last year and are disproportionately targeted by scammers who view them as wealthy, not feeble-minded. The article identifies two major red flags for potential scams: feeling panicked and experiencing pressure to make fast decisions, and recommends that seniors slow down, create mental space to think, and independently verify claims before acting. Various protective services and apps have been developed to help seniors guard against financial exploitation.
amac.us
· 2025-12-08
This educational resource presents a chart detailing common scams targeting consumers, including AI scams (deepfake impersonations), bank text scams (phishing for account information), billing/invoice scams (fake invoices demanding payment), brushing scams (unsolicited items to boost reviews), and charity scams. The guide identifies shared scammer tactics such as impersonation, creating urgency, and pressuring victims to share personal information, while offering specific identification and prevention strategies for each scam type. The material encourages sharing this information with friends and family as a primary defense against fraud.
abc.net.au
· 2025-12-08
The Gold Coast Marathon's rapid sell-out (half marathon in 4 hours, full marathon in 4 days) created high demand that scammers exploited by flooding social media with fake ticket offers. A 36-year-old runner lost money when she purchased a non-existent ticket from a scammer posing as a legitimate runner on Facebook, though she recognized the fraud when additional fees were requested. Marathon organizers have implemented security measures requiring ticket transfers through an official registration portal only, while cybersecurity experts warn that modern AI-assisted scams are increasingly difficult to detect and that social media platforms should do more to prevent fraudulent accounts from operating.
yahoo.com
· 2025-12-08
Seniors lost nearly $5 billion to scams last year and remain prime targets due to their concentrated wealth, according to the FBI. The article identifies five red flags indicating a potential scam: feeling panicked, pressure to make fast decisions, unsolicited contact, requests for personal information, and reluctance to verify claims—noting that scammers rely on emotional manipulation and time pressure to override victims' judgment. Experts advise pausing to think critically when experiencing these warning signs, as scammers count on immediate reactions rather than careful consideration.
aol.com
· 2025-12-08
This educational article identifies five red flags that warn seniors they may be targeted for scams, emphasizing that older adults lose nearly $5 billion annually and are targeted because they hold roughly half of U.S. wealth. The first two red flags discussed are feeling panicked (as in grandparent scams demanding immediate bail) and pressure to make fast decisions (such as investment opportunities or fake retail websites), with experts advising victims to slow down, create mental space, and independently verify claims rather than acting immediately.
ctvnews.ca
· 2025-12-08
I'm unable to provide a summary because the article content you've shared only contains the title and navigation/shopping recommendation links, not the actual article text about the Manitoba senior's cryptocurrency scam. To create an accurate summary for the Elderus database, please provide the full article content describing what happened, how the scam was perpetrated, and the outcome.
dfpi.ca.gov
· 2025-12-08
Scammers increasingly target older adults by impersonating legitimate organizations or trusted contacts and directing victims to deposit cash into crypto ATMs, where funds are transferred irreversibly to the scammers' digital wallets. The fraudsters create artificial urgency through claims of emergencies or frozen accounts, often remaining on the phone to guide victims through transactions and directing them via QR codes to scan at the machines. Victims can protect themselves by verifying requests through official channels, resisting urgency, and remembering that no legitimate organization requests crypto ATM deposits.
news.shib.io
· 2025-12-08
The U.S. Secret Service, with assistance from Coinbase, recovered $225 million in cryptocurrency (USDT) from "pig butchering" investment scams—long-term fraud schemes where scammers build fake relationships with victims to convince them to invest in fraudulent cryptocurrency schemes. Through blockchain analysis and collaboration among exchanges, investigators identified over 130 Coinbase victims who lost $2.3 million, though thousands more were affected across the operation involving scam centers in Southeast Asia. The recovered funds have been frozen and are being held pending redistribution to verified victims.
crypto.news
· 2025-12-08
Michael Zidell lost $20 million in a "pig butchering" romance scam after being targeted on Facebook by a scammer posing as a woman named Carolyn Parker, who lured him into fraudulent NFT investments through fake account statements. Zidell sued Citibank for negligence, alleging the bank failed to detect and act on suspicious wire transfers—including twelve transactions totaling nearly $4 million to an account held by Guju Inc. that contradicted the account holder's declared business activity and violated Know Your Customer and Anti-Money Laundering laws. Pig butchering scams resulted in $5.8 billion in investment fraud losses in 2024
cointelegraph.com
· 2025-12-08
Michael Zidell filed a lawsuit against Citibank in Manhattan federal court, alleging the bank ignored red flags and failed to monitor suspicious transactions that allowed romance scammers to steal $20 million from him—including nearly $4 million routed through Citibank accounts belonging to a company called Guju Inc. The scam began in early 2023 when Zidell was contacted by a fake persona on Facebook posing as a business owner named Carolyn Parker, who convinced him to invest in NFTs through a fraudulent trading platform that ultimately disappeared with his funds. Zidell claims Citibank processed 12 suspicious transfers totaling around $4
foxnews.com
· 2025-12-08
A woman in Jensen Beach, Florida, lost $800 to a Facebook scam in which a fraudster impersonating Elon Musk promised her a Tesla and $250,000 in cash, then repeatedly requested Apple Gift Card payments for supposed delivery fees. The scammer used a fake profile with copied images and AI-generated content, moved the conversation to WhatsApp, and exploited urgency and flattery to manipulate the victim into sending multiple payments before she recognized the pattern. Gift cards are favored by scammers because they are untraceable, fast, and nearly impossible to recover once redeemed.
coastalbreezenews.com
· 2025-12-08
Lunch with Friends hosted over 100 seniors on June 18th at Marco Lutheran Church, where Lieutenant Joseph Belardo from the Marco Island Police Department presented on elder fraud prevention. Lt. Belardo warned that scammers stole $3.4-$6.1 billion from older Americans last year, with tech support scams, government impostor scams, and AI-powered voice cloning being among the most common threats; he advised seniors to be skeptical of unsolicited calls/texts/emails, avoid clicking suspicious links, and verify requests by calling trusted phone numbers directly. The presentation also covered ransomware, malware, and deepfakes, with recommendations to update security software, use V
news.shib.io
· 2025-12-08
Charles Uchenna Nwadavid, a 35-year-old Nigerian national, pleaded guilty to stealing over $2.5 million from six victims through romance scams between 2016 and 2019, laundering the funds through cryptocurrency accounts he controlled. Nwadavid manipulated victims into sending money via fake dating profiles and romantic relationships, then transferred the stolen funds through a Massachusetts resident accomplice into crypto wallets on LocalBitcoins. He faces up to 20 years in prison on mail fraud and money laundering charges, along with potential deportation.
chronline.com
· 2025-12-08
In the first quarter of 2025, Washington fraud victims lost $38.2 million, with people ages 80 and over suffering the highest median loss of $1,286; "government imposters" remain the most prevalent scam type. Regional law enforcement agencies warned residents about evolving fraud schemes including fake DMV text messages demanding payment, cryptocurrency kiosk scams (which cost Washington $142 million in 2023), and romance scams that defrauded seniors 60+ of $389 million nationally in 2024. Authorities advise residents to verify claims directly with agencies using official contact information and avoid unusual payment methods like cryptocurrency, Venmo, or Pay
spokesman.com
· 2025-12-08
Government agencies across Washington and Idaho are warning residents about multiple active scams, including government imposter schemes, fake DMV text messages demanding payment for traffic violations, romance scams, and cryptocurrency kiosk fraud. In early 2025, Washington fraud victims lost $38.2 million with people ages 80 and older experiencing median losses of $1,286, while Idaho residents lost over $63 million to cybercrimes in 2024, with seniors being predominately targeted. Authorities advise residents never to respond to unsolicited demands for payment and to independently verify any claims by contacting the legitimate agency using official phone numbers rather than information provided by the scammer.
thisdaylive.com
· 2025-12-08
Fourteen Chinese nationals were convicted and sentenced to one year in prison each (or a fine of 1 million Naira) by a Federal High Court in Lagos for cyberterrorism and internet fraud following a plea bargain agreement. The defendants were part of a 792-person cryptocurrency investment and romance fraud syndicate arrested in December 2024 during an EFCC operation, with charges alleging they accessed computer systems to destabilize Nigeria's economy and social structure. The court ordered their deportation upon sentence completion and forfeiture of all seized items to the Nigerian government.
cryptorank.io
· 2025-12-08
An Australian investigation identified 90 individuals involved in cryptocurrency ATM fraud, revealing that scammers are exploiting vulnerable elderly victims through romance and investment schemes. A woman in her 70s lost $281,000 and another lost $130,000 after being manipulated into depositing cash into crypto ATMs, with over $3 million lost to such scams nationwide between January 2024 and January 2025. In response, AUSTRAC implemented new operational standards including transaction limits, mandatory scam alerts, and enhanced verification protocols to combat the misuse of the 1,600+ crypto ATMs across Australia.
ainvest.com
· 2025-12-08
Elderly Americans have lost millions of dollars through Bitcoin ATM scams, with fraud losses surging from $12 million in 2020 to $114 million by 2023, with seniors accounting for two-thirds of reported losses. In response, states and cities have implemented various regulations including transaction limits, licensing requirements, and mandatory operator conversations for large transactions, while Senator Dick Durbin introduced the federal Crypto ATM Fraud Prevention Act to cap daily spending at $2,000 and require refunds if police reports are filed within 30 days. Scammers typically impersonate government agencies, businesses, or tech support, with median losses per victim reaching $10,000.
dailyhodl.com
· 2025-12-08
Amy Jo Reid, a former senior vice president and director of purchasing at a Green Bay, Wisconsin bank, pleaded guilty to stealing $411,923 over a six-year period (May 2018 to May 2024) by charging personal expenses—including flights, hotel stays, casino gambling, and property taxes—to bank-issued purchase cards while submitting falsified or misleading documentation. Reid agreed to pay full restitution of $411,923 and faces up to 30 years in prison and a $1 million fine on three fraud charges.