FBI Warns of Fake Work-from-home Jobs Stealing Crypto
The United States Federal Bureau of Investigation (FBI) warns job seekers not to fall for “work-from-home” job scams and that it may be a plan to steal crypto. The FBI issued a warning on June 4 regarding increased fraudulent employment advertisements for work-from-home positions. The scammers will approach their prospective victims with unsolicited calls or […]
Hong kong Police Issue Warning of Fake Banknotes
Hong Kong authorities have seen an increase in fake banknotes that are being distributed through cryptocurrency frauds. A local source states that 3,396 counterfeit notes were found by the Hong Kong police between January and April of 2024. The total face value of the counterfeit goods was HK$2.55 million, or around $326,130. More specifically, the […]
US SEC Sues Geosyn Mining, Owners for $5.6M Fraud
The US Securities and Exchange Commission (SEC) has sued Geosyn Mining and its owners, claiming they misled and misappropriated its investors’ funds. Through service agreements offered as securities between November 2021 and December 2022, Geosyn, its CEO Caleb Joseph Ward, and former operating head Jeremy George McNutt allegedly deceived about 64 investors, according to the […]
Fraud Victims Urge China to Liaise With UK Police For Seized Bitcoin
The victims of an investment fraud scheme are attempting to recover $4.3 billion in Bitcoin seized by the UK Police with the help of the Chinese government. According to reports, a delegation on behalf of the victims of the fraud wrote to the Chinese Ministry of Foreign Affairs, urging it to negotiate with the United […]
Tether Freezes $1.4m USDT Linked to US Tech Fraud
The issuer of the USDT stablecoin Tether helped the FBI and the U.S. Department of Justice seize about $1.4 million worth of USDT. Tether stated in a statement on March 12 that assets will be given back to fraud victims. U.S. officials commended the corporation for their assistance. Tether CEO Paolo Ardoino said: “The seizure […]