Two Scammers Charged in a 13-Count Indictment for Deceiving Victims Via Online Crypto Scheme
As we continue to acquire knowledge on the crypto sphere, there are always some individuals who find ways to misuse it and in return deceive potential traders.
On Wednesday, April 24, 2019, The United States Attorney’s Office, District of Oregon recently revealed the news that two scammers, of Nigerian descent, have been charged in a 13-count indictment.
The indictment, filed on Thursday, April 18, 2019, identifies the two individuals as being Onwuemerie Ogor Gift (age 24) and Kelvin Usifoh (unknown age). As per the claims made, both individuals established a crypto-based scheme in which investors were promised a Return on Investment (ROI) of 20 to 50% on Bitcoin [BTC] along with, “zero risk and instant withdrawals”.
Initially, both individuals invested in the URL, www.wealthcurrency.com, and through this site, convinced investors to send crypto to specified currency wallets, highlighting that “unique trading methods” would be chosen to increase the value of each and every initial investment.
The two did not stop at one website, but ended up operating three altogether, with the latter two being, www.boomcurrency.com and www.merrrycurrency.com, reports the District of Oregon.
The two have received a significant number of investors within the span of 6 months (December 2017 to June 2018), of which two are from California and one from Oregon. Another victim’s picture was also supposedly used as a “persona in furtherance of the scheme”.
Upon receiving the transfers, the two supposedly sent the funds to different accounts and converted them to their native currencies, i.e. the Nigerian Naira. The District of Oregon has since shared in the indictment that the theft amounts to roughly $59,000 or 10.88 BTC, but the government believes that it could actually be as much as 50 BTCs.
This is a common type of scam and investors should be cautious of the claims made in terms of the possible ROIs – as in most cases, they are very unrealistic. Novice investors should also take the time to educate themselves prior to diving right in because scams continue to be on the rise.
The Bitcoin Exchange Guide (BEG) also reported of a recent incident in California, in which a scammer masked his number as that belonging to the Berkeley Police Department. A young woman was approached by the proclaimed, “Officer”, who said she was under investigation and needed to hand over all her crypto. These are just a fraction of the types of scams out there, so be aware!