Texas Police Stop $40,000 Bitcoin Fraud During Scam
A police officer in White Settlement, Texas, managed to Stop a scam that cost an older woman nearly $40,000.
fraud Disguised as a representative of Chase Bank deceived the victim Withdraw your life savings and deposit it into a Bitcoin ATM.
The White Settlement Police Department (WSPD) said the fraud was foiled on June 19. I get a call from a citizen. The official reported the grandmother to the authorities after witnessing her depositing a significant amount of money into a Bitcoin ATM. Suspicious phone call.
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Caller ID incorrectly displays “Chase Bank”. The victim was convinced that he was dealing with a legitimate bank employee. fraud A ride was arranged to take the victim to a local Chase bank. Where she withdrew her money. The victim was headed to the convenience store Finalize your transaction using a Bitcoin ATM.
The suspect used fear tactics, They threaten to arrest the woman if she does not comply.
Dashcam footage of the incident shows: Police officers intervene to stop the fraud. Despite the fraudster’s attempts to maintain communication with the victim and urge him to complete the transaction, timely intervention by police officers Prevented further losses.
When the police intervened, the woman had You’ve already deposited $23,900 Enter the Bitcoin ATM. Authorities are currently We work with government agencies to track and recover lost funds.
Sergeant James Stewart, who answered the phone, said:
In this case, all I can do is visualize my mother. <...> I hope they find this guy and put him in prison for a very long time. Because he’s probably doing this to other people.
Police Chief Christopher Cook thanked citizens who reported suspicious activity. The department has the following plans: Officially recognize citizens’ contributions at the upcoming city council meeting.
The quick action of White Settlement police and the active involvement of community members demonstrate the importance of cooperation in the fight against financial crime. This incident serves to alert the public to potential scams, especially those involving digital currencies.
In other news, the Canadian Anti-Fraud Center (CAFC) has recently reported a surge in ‘pig slaughter’ scams, where scammers build trust with victims through romance and then lure them into investing in fake cryptocurrency schemes.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
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