MEXC Reveals the Global Fraud Triangle: India, Indonesia, Ex-Soviet Bloc
9 Articles
9 Articles
MEXC Reveals the Global Fraud Triangle: India, Indonesia, Ex-Soviet Bloc
A new report from crypto exchange MEXC has shed light on what it calls a “global fraud triangle”, reflecting a concentration of coordinated crypto-related criminal activity emerging from India, Indonesia, and countries in the former Soviet bloc. These three regions shared 46,311 suspicious...
UK Court Sentences Two Men Over $2 Million Crypto Scam – MAXBIT
A British court sentenced two men, Raymondip Bedi and Patrick Mavanga, to a combined 12 years in prison for crypto scams netting them over $2 million. Authorities are trying to recover funds for at least 65 victims. The FCA (Financial Conduct Authority), a key British fiscal regulator, prosecuted this case. In the last month, it...
Crypto Investment Fraud Lands UK Scammers in Prison
In a landmark enforcement case, two men behind a major crypto investment fraud operation in the United Kingdom have been sentenced to prison for their role in scamming dozens of victims out of more than £1.5 million. The scheme involved selling fake cryptocurrency investments through cold calls and boiler room tactics — a method increasingly used by fraudsters to target unsuspecting investors eager to participate in the fast-moving digital asset…
UK Judge Jails Duo for £1.5M Crypto Fraud Scheme
A UK judge has handed down a combined 12-year prison sentence to two men for their roles in a £1.5 million cryptocurrency fraud. Raymondip Bedi and Patrick Mavanga, who cold-called victims and directed them to a professional-looking website offering high returns for fake investments, have been sentenced to 5 years and 4 months, and 6 years and 6 months respectively. Between 2017 and 2019… Source
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