Seniors-Scamming Conman Dealing in Bitcoin Sentenced to Prison
A man who admitted collecting more than $800,000 from seniors he tricked into sending virtual money orders to help distressed relatives has been sentenced to four and a half years in prison, according to the Florida Sun Sentinel. The man converted the virtual money orders from some of his victims into bitcoin. Stephan Moskwyn, 33, pled guilty to money laundering in federal court in Miami, Fla. Police arrested the 33-year-old Canadian citizen in October to await sentencing. Police said Moskwyn laundered money obtained by a Canadian call center that preyed on elderly U.S. residents since....
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Rather than paying for the cryptocurrency through legal means, he asked for customer passwords to check the bitcoin balances in question. Bitcoin scams can be found all over the world these days. The allure of cryptocurrency opens the door for criminals looking to take other people’s money. One such scam was recently unveiled in Dubai, as three Gulf residents lost over US$100,000 in Bitcoin. The Asian conman behind this scam has been arrested after a sting operation. Buying and selling Bitcoin in Dubai is often done in a peer-to-peer manner. It is very common for interested traders to buy....