California man accused of draining nearly $100K in crypto from elderly man he befriended

California man accused of draining nearly $100K in crypto from elderly man he befriended

A Southern California man is facing charges after investigators say he used a friendship with an elderly retiree to drain nearly $100,000 from the older man's cryptocurrency account. Here's what to know According to The Daily Hodl, citing information from the New York Post, authorities arrested 26-year-old Simi Valley resident William Ly in early August following accusations of financial elder abuse, grand theft, and identity theft after investi…