WWII Veteran Didn’t Want Bitcoins in Alleged £10,000 Pension Scam
An odd courtroom drama played out at the Hastings District Courtroom in New Zealand today. The judge-only trial involved a 95-year-old WW II veteran and a 48-year old American migrant promising returns on investment with bitcoins exchanged from the veteran’s £10,000 RAF pension fund. As reported by regional publication Stuff, local police alleged that Roy Toler, a 48-year-old American migrant in New Zealand had taken the pension funds belonging to 95-year-old Geoff Bibby, a Lancaster Bombers navigator of the Royal Air Force during World War II, to invest them into bitcoins without the....
Related News
An alleged mastermind of a cryptocurrency scam has been arrested in India after he fled the country to Dubai. Investors were duped into investing in a cryptocurrency linked to a crypto exchange he established. The scheme also promised investors a monthly return of 20%-30% on investments. Alleged Kingpin of Crypto Scam Arrested An alleged mastermind of a cryptocurrency scam, Umesh Verma, was arrested at the Indira Gandhi International Airport on Thursday as he arrived from Dubai. Local media reported that he was arrested “on charges of duping at least 45 people to the tune of Rs 2.5....
American multinational financial services corporation, Morgan Stanley, has predicted that the U.K.’s Pension Protection Fund are likely to record their worst deficit ever. What is the Pension Protection Fund? Set up in April 2005, the Pension Protection Fund (PPF) was established to pay a pension to members of eligible defined benefit pension schemes if....
Interpol has managed to apprehend Leonardo Cositorto, the former CEO of Generation Zoe, one of the biggest alleged financial and crypto scam platforms in Argentina. Cositorto was reportedly arrested this week in the Dominican Republic, where he was in charge of a similar platform called Sunrise Coach. He will now be extradited to Argentina.
Leonardo Cositorto Arrested in the Dominican Republic
One of the most wanted men linked to the operation of Generation Zoe, one of the largest alleged pyramid schemes in Argentina, has at last been located. Interpol arrested Leonardo....
Investors who say they lost hundreds of thousands of pounds in an alleged cryptocurrency fraud have had no luck persuading the police that there was in fact a crime committed.
Indian Enforcement Directorate has seized assets worth approximately $5 million in connection with an alleged cryptocurrency scam involving Morris coin that has duped investors out of $162 million. The crime proceeds were used to buy cryptocurrencies.
India Authorities Seize Assets in Alleged Crypto Scam Case
India’s Enforcement Directorate (ED), a specialized financial investigation agency under the Department of Revenue, Ministry of Finance, has seized assets valued at 36.72 crore rupees ($5 million) in connection with a cryptocurrency scam.
The ED began....