New Cryptocurrency Warning On North Shore: Essex County DA
District Attorney Paul Tucker said about $10 million in financial fraud was reported in Essex County last year. Essex County DA, Michael Tucker, has issued a new Cryptocurrency Fraud Warning on the North Shore of Essex County, warning about $10 million in fraud schemes reported across the county in the last year. The most common scam involves individuals being contacted for payment via cryptocurrency through ATMs or crypto kiosks, which allows users to acquire cryptocurrencies using cash, debit cards, credit cards or bank transfers. These transactions are instantaneous, meaning perpetrators can instantly transfer funds. The warning includes instructions to make these transactions while on the phone, suggestions that the transaction should be kept secret from bank tellers and family members, and instances that crypto is the only form of payment. Tucker emphasized that the total amount of money lost across Essex County is likely greater than $10m due to many victims not reporting it.
ที่ตีพิมพ์ : 10 เดือนที่แล้ว โดย Scott Souza ใน Finance
Tucker's office said about $10 million in fraud schemes were reported across Essex County in the last year and that a common scheme includes citizens being contacted for payment and urged to make it via cryptocurrency through these ATMs or crypto kiosks. These machines allow people to acquire cryptocurrencies using cash, debit cards, credit cards or bank transfers — often with high transaction fees.
"In many of these scams, users are directed to send the cryptocurrency to the scammer's digital wallet, and because these transactions are instantaneous, there is no clawback period and perpetrators can instantly transfer funds," Tucker said in the warning issued Tuesday morning. "The nature of these scams varies, from romance-based schemes and lottery-themed schemes to impersonation schemes."
He said warning signs include directions to make the transactions while on the phone with the person requesting it, suggestions that the transaction should be kept secret from bank tellers and family members, and an instance that crypto is the best or only form of payment.
"Legitimate entities won't say cryptocurrency like Bitcoin is the only payment option," Tucker said.
Tucker said the total amount of money lost across Essex County is likely much greater than $10 million since many victims do not report it.
Tucker encouraged citizens to know the warning signs and urged victims of scams to immediately contact their local police department to report the crime.
หัวข้อ: Cryptocurrency