A 23-year-old Canadian man was convicted of cryptocurrency fraud in Scotland
A 23-year-old man from the Canadian city of Halifax was sentenced to 12 months of community service. The court decided that the Canadian embezzled 10,000 pounds (about $ 12,600), which a certain resident of the Scottish city of Aberdeen invested in a cryptocurrency project.
Benjamin Riley, according to the verdict of the court, is obliged to work unpaid 200 hours on charges of fraud with cryptocurrencies. The Canadian, the court decided, positioned himself as a cryptocurrency trader and promoted his services through social networks. The young man said that he had independently developed a computer program with which users could receive high income from investments in cryptocurrencies.
In September 2021, a 30-year-old man from Aberdeen invested 10,000 pounds in the project, of which 8,000 pounds (about $10,000), the court insists, was appropriated by Riley. Scottish law enforcement officers began investigating the case in January 2022, when one of the investors noticed that the investment chat with Riley had been deleted and there was no access to the investor's money. Banks and an unnamed cryptocurrency exchange took part in the investigation.
"Investments in cryptocurrencies can bring high profits, but they are unpredictable. Scammers can promise high returns on investments to attract more people. Unfortunately, cryptocurrencies are not fully regulated, so the security of these investments is not guaranteed. Victims of cryptocurrency criminals are located all over the world, therefore, despite close partnership with other law enforcement agencies and financial institutions, we can only investigate crimes that are committed in Scotland," the local police released an announcement.
Source: https://bits.media/23-letnego-kanadtsa-osudili-za-kriptovalyutnoe-moshennichestvo-v-shotlandii/
