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A rapid rise in ‘pig butchering’ scams. Cryptocurrency scams are known for their elaborate relationship-building methods to gain potential victims’ trust. According to the FBI, this can include:
An FBI report showed that fraudulent investments (which caused over $3.96 billion in losses among all victims) and phishing or spoofing scams (an estimated $9.6 million in financial loss) were ...
Nov. 14—EL PASO — Cryptocurrency "Recovery" scams target people who have already lost cryptocurrency to fraud, scams, and theft. As you are trying to make sense of the scam and are upset about ...
The IRS has announced that attributing tax liability to a "strawman" is a frivolous position [42] that can result in a $5,000 administrative penalty. [43] It included the Form 1099-OID variation of the redemption scheme in its "Dirty Dozen" list of prominent tax scams every year from 2009 to 2019.
A cryptocurrency financial services firm agreed on Tuesday to plead guilty to U.S. charges that it offered to help manipulate the market for a digital token created at the FBI's behest to help ...
Victims reported more than $5.6 billion in fraud related to cryptocurrency in 2023, a 45% increase from losses reported in 2022, the FBI said Monday in a new report. Crypto-related fraud jumped by ...
The FBI raided a 10 ... A source confirmed the raids were part of a grand jury indictment unsealed Thursday related to a $230 million cryptocurrency scam. Agents in Miami arrested Malone Lam, 20 ...
According to a statement from Jodi Cohen, the special agent in charge of the FBI's Boston office, the Bureau took the "unprecedented step" of creating its own cryptocurrency token and a fake ...