This week, the Southern District of New York federal court unsealed yet another case involving purported bitcoin fraud. It appears that the local authorities are adamant about delivering a message to all types of cybercriminals.
The third case involving digital assets to be announced by the court in as many days is a father-and-son alleged duo who are accused of stealing almost $10 million in cryptocurrency from about 20 victims.
On suspicion of operating fraudulent bitcoin investment schemes between 2018 and 2021 is Eugene Austin, 60, of Port Jefferson, New York. In April of this year, his son Brandon, 27, of Coram, New York, filed a guilty plea, which was made public by the US Department read more Crypto crackdown continues in New York with third fraud case announced.
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