Scammers and scammers are constantly developing, and new methods and schemes for illegally obtaining cryptocurrency funds are emerging.
A cunning Englishwoman purchased BTC for help from the state.
Countless victims have lost their funds to these attackers, but a recent report uncovered a major fraud scheme in which a UK woman defrauded banks and the government of $ 150,000 in Bitcoin (BTC).
The Metropolitan police service of great Britain (MPS or MET) neutralized a major fraud scheme in which a 35-year-old woman from the UK was arrested for illegally receiving 115,000 pounds (approximately $ 150,000). In the United States of America, by applying for government loans called “Bounce Back Loans“ intended to help small businesses affected by the COVID-19 pandemic.
According to the MPS ‘ report, the investigation into the unnamed woman began because she appeared to have owned a large amount of BTC that was “obtained fraudulently.
Investigative actions showed that a resident of the Foggy Albion used several accounts to obtain loans, and then the funds were used to buy cryptocurrency.
After a search warrant was issued, MPS officers, along with the Suffolk police crime prevention unit, raided the suspect’s Ipswich home.
Officers found several children left alone and arrested the suspect on charges of fraud, money laundering and child neglect.
The police questioned the woman and released her on August 1, but soon, on August 13, they applied to the London magistrates ‘ court to seize Bitcoins worth 115,000 pounds (us $ 150,000) stored in a digital wallet belonging to the suspect.
Detective Sergeant Ian Barrett from the Met’s anti-money laundering unit commented:” It is awful that some fraudsters organize schemes involving governmental support that is so badly needed by some citizens. I would like to assure the public that the Met remains committed to working with regulated financial sector institutions and law enforcement partners to combat organized financial crime, and bring these serious criminals to justice,
Cases of crypto fraud have become more frequent in England.
This is not the first case involving cryptocurrency revealed by the UK police: last year, the cybercrime Department of the United Kingdom’s Metropolitan police worked with the Binance crypto exchange to stop the criminal activities of Bulgarian phishing expert Svetoslav Donchev.
Donchev was accused of creating website scripts designed to copy the real websites of 53 legitimate firms in the UK to help criminals steal 41.6 million British pounds ($ 51.3 million). 500,000 people were victims of fraud.