Cryptocurrency, FBI and Miami
Miami waterfront mansion raided by FBI is linked to $230 million crypto scam, feds say
Agents in Miami arrested Malone Lam, 20, who has residences in Miami and L.A., according to a Justice Department statement. In California, the FBI arrested Jeandiel Serrano, 21. They are charged with conspiracy to commit wire fraud and conspiracy to launder money, according to the indictment.
Losses From Crypto Scams Spiked 45% to $5.6B in 2023, FBI Reports
The FBI’s latest report shows that losses from crypto scams spiked 45% to $5.6B in 2023. Investment fraud accounted for $3.9B of the losses.
Miami man among 2 charged in $230 million crypto heist
FBI agents arrested a South Florida man after accusing him of conspiring to steal and launder more than $230 million in cryptocurrency.
FBI Reports Financial Losses From Crypto Scams Increased By 45% Last Year
As if handling your money wasn't difficult enough already (between inflation, interest rates, and housing prices), new scams have been reported throughout the country. Even worse, these scams are carrying higher price tags for their victims while happening more frequently.
Losses from crypto scams grew 45% in 2023, FBI says
Losses from cryptocurrency-related frauds and scams increased 45% in 2023 from 2022, totaling more than $5.6 billion, as scammers increasingly took advantage of the speed and irreversibility of digital asset transactions,
Miami man among 2 charged in $230 million cryptocurrency theft and laundering scam
A Miami man is facing charges after authorities said he teamed up with a California man in a scam to steal and launder over $230 million in cryptocurrency.
2 California men charged in $230 million cryptocurrency theft following FBI raid of Miami mansion
The indictment states the suspects “used the illegally obtained cryptocurrency to purchase international travel, service at nightclubs, numerous luxury automobiles, watches, jewelry, designer
WA residents lose over $1.9 million to crypto and investment scams, BBB reports
A new investigation by the BBB has uncovered a dramatic increase in reported investment scams, with losses related to fake ...
Americans are losing more money to crypto scams than ever
Americans lost $5.6 billion to cryptocurrency scams in 2023, a 45% increase, the FBI said.
Column: Trump and his family jump into crypto, which the FBI calls a hive of ‘pervasive’ criminality
A new FBI report says the U.S. is the world center of crypto fraud. Donald Trump and his family just announced a big crypto ...
FBI arrests Singaporean man in US over $297m crypto heist
Malone Lam and his co-conspirator allegedly spent the laundered proceeds on luxury goods. Read more at straitstimes.com.
Crypto-related fraud jumped by 45% last year, FBI says
Victims reported more than $5.6 billion in fraud related to cryptocurrency in 2023, a 45% increase from losses reported in ...
The Tech Report11h
AI Could Combat Crypto Tax Evasion, But Cash Still Reigns in Financial Crime
Chainalysis CEO suggests AI could combat crypto tax evasion, However, cash still reigns in financial crime such as money ...
Crypto Briefing10d
Over 10% of financial fraud cases are crypto-related, FBI report reveals
Despite representing only 10% of total complaints received, crypto fraud accounted for nearly half of all financial losses ...
FBI agents and Miami police officers surrounded a Miami home. Here’s what we know
FBI agents descended on a Miami home Wednesday night to serve warrants and search, authorities say. The FBI was “conducting ...