Crypto News 

Alleged Bitcoin Mining Scam Reported in Thailand

“Victims of an alleged cryptocurrency mining scam have filed claims against the suspected perpetrator with the Technology Crime Suppression Division in Thailand, the Bangkok Post reports on Feb. 18” writes Aaron Wood for cointelegraph.com. One affected individual told the Bangkok Post “But from August the owner began imposing conditions for withdrawing the money.The Bitcoin (BTC) mining contracts offered by the company reportedly ranged from three months to a lifetime.Local authorities reportedly suspect that a total of 140 individuals were affected by the scam.Per the report, 30 people have filed a…

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Indian Police Nabbed Four for $14 Million Crypto Scam

“The police of the Indian city of Mumbai has arrested four persons alleging their involvement in a multimillion-dollar cryptocurrency scam” writes Arnab Shome for financemagnates.com. According to the Times of India’s February 17 report, the gang allegedly duped people for 1 billion rupees ($14 million) in a cryptocurrency scam.According to the report, the Mumbai police arrested four people, however, the mastermind of the scam -Ashok Goyal – is still at large. In last October, the Indian authorities busted a $3 billion crypto Ponzi scheme which even involved the kidnapping of…

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Crypto News 

India: Police Arrest Suspects in Alleged $14 Million Crypto Scam

“Law enforcement in Mumbai, India have exposed a group allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees (nearly $17 million), local media outlet The Times of India reports on Feb. 17” writes Adrian Zmudzinski for cointelegraph.com. Last month, Indian police also arrested an associate of a group accused of conducting a crypto scam involving 5 billion rupees (about $71.6 million).According to The Times of India, the police are also looking for a fifth suspect, Ashok Goyal, who reportedly played a key role in the alleged…

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Lovesick singletons are the biggest target for scam artists in America

“The online dating industry in the U.S. is worth more than $1 billion, according to market research group IBISWorld” writes Kari Paul for marketwatch.com. If you believe you’ve been the victim of a dating scam, you can report it to the FTC online using its complaint form.The number of romance scams reported to the FTC increased to more than 21,000 in 2018, up from 8,500 in 2015 . Source: marketwatch.com

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‘I literally screamed when I saw my … ‘

“The average tax refund so far is $1,865, down from $2,035 in 2018” writes Aol Staff for aol.com. According to the figures, the IRS received 12.4% fewer individual tax returns than last year at this time.Mazur isn’t surprised, especially considering tax cuts passed in the two previous administrations. “In the [George W.] Bush administration, there was a tax cut and they sent people a check,” he says. “And people remembered that they got that check.Despite watching the news about TCJA, she says she was unaware that tax cuts would impact…

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While many people generally expect a hefty refund upon filing their tax returns, several have found themselves with a surprise tax bill from the IRS.

“The average tax refund so far is $1,865, down from $2,035 in 2018” writes Aol Staff for aol.com. According to the figures, the IRS received 12.4% fewer individual tax returns than last year at this time.Mazur isn’t surprised, especially considering tax cuts passed in the two previous administrations. “In the [George W.] Bush administration, there was a tax cut and they sent people a check,” he says. “And people remembered that they got that check.Despite watching the news about TCJA, she says she was unaware that tax cuts would impact…

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Former TMC MP Kunal Ghosh will appear in person at the investigating agency’s office in Shillong for interrogation in connection with the Saradha chit fund scam, officials said Saturday.

“Ghosh had implicated BJP leader Mukul Roy, who was once the right-hand man of Banerjee and 12 others in the Saradha scam” writes Press Trust Of for huffingtonpost.com. Three senior CBI officers questioned Kumar for nearly nine hours on Saturday about his alleged role in the tampering of crucial evidence in the scam, the officials said. Source: huffingtonpost.com

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US Indicts Two More Men on Fraud and Extortion in SIM-Swapping Investigation

“United States law enforcement has indicted two more men over alleged SIM-swapping scams involving cryptocurrency” writes William Suberg for cointelegraph.com. A press release from the Northern District of California Attorney’s Office confirmed the indictment on Feb. 4. Last month also saw a 21-year-old American man named as the main suspect in a $24 million SIM-swapping scam.Ahmad Wagaafe Hared and Matthew Gene Ditman, who prosecutors accuse of conducting fraud, extortion and identity theft, were released on bond pending two trials set for Feb. 6 and 19. Source: cointelegraph.com

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From Ponzi Schemes to ICO Exits, Ethereum’s Blockchain Has Been the Platform of Choice for Scammers

“As the leading platform to raise crypto funds, scam artists went about hunting for unsuspecting victims using three main methods” writes Gareth Jenkinson for cointelegraph.com. According to a recent report from crypto analytics specialists Chainalysis, Ethereum (ETH) has become the crypto platform of choice for scam artists.The reason for Ethereum’s perceived popularity with scam artists is its utility as a platform in which people can start and launch their own native cryptocurrency tokens through ICOs.Phishing is considered to be the most popular type of ETH scams over the past few…

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Bitcoin Brouhaha: Scam? What now, QuadrigaCX?

“Based on the court filing, it was revealed that the exchange holds approximately 26,500 bitcoin ($92.3 million), 11,000 bitcoin cash ($1.3 million), 11,000 bitcoin cash SV ($707,000), 35,000 bitcoin gold ($352,000), almost 200,000 litecoin ($6.5 million) and around 430,000 ether ($46 million), with a total amount of $147 million” reports livebitcoinnews.com. The hottest drama hogging the digital currency headlines is the shutdown of crypto exchange QuadrigaCX, the ensuing loss of $190 million worth of client funds following the death of its founder and the widespread allegations of an exit scam.QuadrigaCX…

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