US EditionCryptocurrency scams drive major spike in investment fraud
- The FBI reported a rise in cryptocurrency investment fraud in 2023, leading to growing financial losses.
- Scammers often use fake statements showing high returns to persuade victims to invest larger amounts.
- Cryptocurrency-Related complaints to the FBI accounted for roughly 10% of all fraud but nearly half of financial losses.
- Assistant FBI Director Michael D. Nordwall cautioned, "If an investment opportunity sounds too good to be true, it likely is."
- Investment scams caused over $5.6 billion in losses in 2023, and the trend continued into 2024, impacting people of all ages.
31 Articles
31 Articles
A man tortured for hours! Three men arrested for a cryptocurrency robbery.
The police took hold of the collars of three individuals linked to a cryptocurrency theft. Nearly US$15,000 had been taken from a man in his 30s who had been beaten and tortured for hours during the event in August 2024.
12 people detained in investment fraud case
IGPR: 12 people detained in a file regarding investment fraud A number of 12 people have been detained, and over 30 have been placed under judicial control in a file regarding investment fraud. According to a press release from the Police...
Cryptocurrency scams drive major spike in investment fraud
Bits And Splits // Shutterstock Cryptocurrency scams drive major spike in investment fraud It started with a text message, seemingly meant for someone else. Ed Hayduk, a Pennsylvania resident, replied. Over the following weeks, he engaged in what he described to CBS News Philadelphia as a friendly conversation. Eventually, the sender convinced him to invest a small sum in a crypto wallet. Fake statements showing high returns persuaded Hayduk to …
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