Toronto Police Financial Crimes unit is currently investigating a gemstone investment fraud that has left…
Pickering man arrested for ‘Alepy’ cryptocurrency scam
Pickering (February 28, 2020) – The Durham Regional Police arrested Eric Hentschel from Pickering on February 19 in connection with the ‘Alepy’ cryptocurrency scam. Police alleged that Hentschel sold his fraudulent cryptocurrency ‘Alepy’ to investors and then...
Authorities warn against prevalent bitcoin scams
January 29, 2020 – The Alberta RCMP and the Abbotsford Police issued warnings against prevalent bitcoin scams. The authorities make an effort to stop scammers from defrauding people out of their money using bitcoin frauds. Typically for the phone scams, the fraudsters...
Teen accused of stealing millions in cryptocurrency using SIM swap scams
Toronto (January 21, 2020) – 19-year-old Samy Bensaci from Montreal was arrested in Victoria, B.C. in November 2019 for allegedly being involved in a group of cybercriminals who stole millions in cryptocurrency using SIM swap scams. Investigators believe that they...
OSC: Man sentenced for bitcoin trading scheme
Toronto (December 12, 2019) – The Ontario Securities Commission (OSC) announced the sentence of Oliver Folkard for conducting a bitcoin trading scheme. Justice Philip Downes sentenced him to eight months in prison and three years of probation for defrauding at least...
Breaking cases regarding bitcoin investment fraud schemes from the New York Eastern District Court
New York (November 11, 2019) – In the New York Eastern District Court, two bitcoin investment fraud cases have come to an end lately. Reggie Middleton was accused of an initial coin offering (ICO) of the Veritaseum (VERI) token worth US$14.8 million. He settled the...