British Man Scams $282,000 In Brutal Crypto Scam

Nottinghamshire is the county of Robin Hood, the folkloric bandit who steals from the rich and gives to the poor. Today, the woodland is home to a less romantic form of theft – a sinister cryptocurrency scam that stole £200,000 ($282,000) from a local person's pocket, according to the Metropolitan Police. The victim, who did not want to be identified, was scammed by scammers after an online conversation in 2020. They convinced him to invest his money in a fake brokerage firm and promised substantial returns in Bitcoin's bull run. The scammers also tricked the man into gaining remote access to his computer, where they took sensitive personal information to borrow money on his behalf. Harassment and intimidation followed: Men even came to his door to raise money for "more investment," according to the Met. Detective Sergeant David Breach said in the police report: "Since the onset of the coronavirus pandemic, reports of investment fraud have increased significantly, which is not surprising when you consider that the vast majority of us have to run almost every aspect of our lives on the computer. or cell phone." June Crypto Fraud News Review While this scam may sound particularly despicable, crypto scams are very common and their methods are very diverse. On June 2, Apple co-founder Steve Wozniak lost his lawsuit against YouTube after scammers used his image in his videos to defraud users. The Santa Clara State Court ruled that under US federal law, online platforms are not responsible for user-uploaded content. According to the US Federal Trade Commission, US consumers reported $82 million in losses to online crypto scammers in the six months between October 2020 and March 2021. Below, the situation looks just as bad. The Australian Competition and Consumer Commission reported this month that Australians paid scammers $20.5 million in Bitcoin and other cryptocurrencies last year. Maybe it's time

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