Crypto Schemer Gets Tracked By Authorities Linking Bitcoin To Phone Numbers
According to a recent report released by the United States Department of Justice, a Bergen County woman admitted to illegally use individuals’ identities and obtain more than $300,000.
Authorities were able to link two telephone numbers to Bitcoin (BTC) addresses that were used to perform four illegal transactions.
Fraudster Tackled By Authorities
As reported by the Offices of the United States Attorneys for the District of New Jersey, a fraudster was captured after using telephone numbers and Bitcoin to perform transactions. Briana Buford of Fort Lee pleaded guilty before the U.S. District Judge Claire C. Cecchi. She was charged with wire fraud and could face a potential penalty of 20 years in prison and a $250,000 fine.
Apparently, Buford used Bitcoin in sites that sell and buy stolen, lost and illegally obtained credit card data, bank accounts, and other personal information. All these things can be used to perform illicit activities. It is worth pointing out that the telephone numbers linked to the Bitcoin transactions were used later to inquire about bank accounts that were later subject to fraud.
Buford decided to make a purchase of around $9,000 without having the authorization from the bank. In addition to it, she called the bank and asked about this account using the telephone number linked to the Bitcoins used on the illegal sites.
Cryptocurrencies are used by criminals because they consider they provide greater privacy to perform illegal transactions. However, Bitcoin has an open blockchain that can be analyzed and investigated by companies and governments.
This is not the first case involving Bitcoin and that is related to illegal and illicit activities. Many times before, criminals used the most popular cryptocurrency in order to buy or sell products and services on the dark web or conduct other penalized activities.