Police Arrest Suspect in Bitcoin Exchange Scheme
Police arrested Michael Murgio in Palm Beach, Fla. for participating in a scheme to pay bribes to allow the Coin.mx bitcoin exchange gain control of a New Jersey credit union, according to Fortune. Prosecutors claim the scheme stole information on 100 million people. Murgio, 65, who serves on a Palm Beach County, Fla. school board, was indicted in a federal court in Manhattan. He was indicted along with three others, including his son, Anthony Murgio. The Federal Bureau of Investigation (FBI) arrested Murgio Thursday in Palm Beach, Fla. His attorney did not respond to requests for comment.....
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Hong Kong police have arrested a man accused of stealing $191,085 from a cryptocurrency trader in what turned out to be a bogus transaction. No funds were recovered at the time of the suspect’s arrest and investigations are ongoing to determine if the man had accomplices.
No Funds Recovered
Hong Kong police recently arrested a 24-year-old conman accused of vanishing with a crypto trader’s $191,085 (HK$1.5 million). The con artist now faces a possible ten-year jail term if convicted, a report has said.
According to a South China Morning Post report that....
Spanish police have arrested 20 individuals in connection with a pyramid scheme that used a fake digital currency called the unete to attract unwitting investors. The Spanish National Police Corp announced the arrests on 16th July, which took place in Madrid and other parts of the country. Police estimate that the scheme resulted in as much as €50m in losses, ensnaring roughly 50,000 victims worldwide - with 6,000 in Spain alone. Spanish police seized over €5m and approximately $22m from related bank accounts. Two luxury cars and 18 computers were also taken into custody. According to....
Japanese authorities have arrested a suspected drug importer who allegedly used bitcoin to pay his Mexican suppliers. According to Channel News Asia, the case is the first of its kind in the country - an arrest for a crime involving both drugs and digital currency. The suspect has been named as 38-year-old Ayumu Teramoto and his arrest was carried out by police forces in Tokyo and Fukuoka. Teramoto is suspected of buying and importing illegal stimulants - terms usually used in the Japanese media to describe cocaine and methamphetamines. Bitcoin payment. The suspect allegedly used ¥3.5m....
Indian police have arrested 11 people so far in connection with a fraudulent cryptocurrency scheme that has duped about 2,000 investors out of $5.4 million.
11 People Arrested so Far in Cryptocurrency Scam in India
Indian police have cracked down on a cryptocurrency investment scheme that has duped over 2,000 investors out of 40 crore rupees ($5.4 million).
The number of arrests reached 11, seven of whom were arrested on Sunday in Maharashtra’s Nagpur, according to PTI.
The main accused, Nishid Wasnik, and his wife Pragati, along with two other....
Police in Dubai have reportedly arrested a man accused stealing bitcoins from several individuals. Local sources report that three Dubai citizens were defrauded after connecting online with someone claiming to be a bitcoin buyer who wanted to purchase the digital currency at a premium. According to Dubai police officials, those affected apparently let the suspect access their bitcoin wallets during the sale. Once inside, those accounts were emptied, with just over $100,000 in bitcoin being taken. Dubai officials are said to have expressed concern about the nature of the crime. Salim bin....