Bitcoin ATM scammers pose as cops

Fraudsters are posing as US law enforcement officials to trick victims out of money using Bitcoin ATM machines

Fraudsters are posing as US law enforcement officials to trick victims out of money using Bitcoin ATM machines.

US Marshals and the FBI have warned of a nationwide imposter scam involving crooks calling victims claiming to be US court officers or other law enforcement officials.

During these calls, scammers attempt to collect a fine in lieu of arrest for failing to report for jury duty or other offenses.

They then tell victims they can avoid arrest by paying the fine by depositing cash into Bitcoin ATMs or purchasing a prepaid debit card such as a gift card and reading the card number over the phone.

A spokesperson for the US Marshals said: “Scammers use many tactics to sound and appear credible.

“They sometimes provide information like badge numbers, names of actual law enforcement officials and federal judges, and courthouse addresses.

“They may also spoof their phone numbers to appear on caller IDs as if they are calling from a government agency or the court.

“US Marshals will never ask for credit/debit/gift card numbers, wire transfers, or bank routing numbers, or to make Bitcoin deposits for any purpose.”

The fraudsters use sophisticated techniques

Cops are urging people to report the calls to their local FBI office and file a consumer complaint with the Federal Trade Commission, which has the ability to detect patterns of fraud from the information collected and share that data with law enforcement.

This week, Coin Rivet reported how Brazilian police shut down an organised crime ring that allegedly stole $359 million by promising victims substantial returns on Bitcoin investments.

The four-month investigation came to a close on Thursday with police filing charges of fraud, money laundering, criminal association, and forgery against the group of alleged fraudsters.

A total of nine individuals were arrested with more than 50 police officers using 20 vehicles and a helicopter to storm premises in Sao Paulo, Curitiba, and other regional cities.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

Previous Article

Bank of Korea looks to hire crypto experts

Next Article

BREAKING: GBP surges to 18-month high amid extraordinary exit poll

Read More Related articles