Friday , October 23 2020

Twitter scumbags scam 64-year-old lady out of $158K Bitcoin fortune

TNW uses cookies to personalize content and ads to
make our site easier for you to use.
We do also share that information with third parties for
advertising & analytics.

Powered by

Blockchain, cryptocurrencies, and insider stories by TNW.

Two men have pleaded guilty to defrauding a 64-year-old woman out of more than $158,000 worth of Bitcoin, The Oregonian reports.

The brothers, Jagroop Singh Khatkar and Karanjit Singh Khatkhar — from British Columbia in Canada — admitted to conspiring to commit wired fraud and money laundering earlier this week.

They each face a potential two years in prison when they are sentenced on March 17.

The brothers created a fake Twitter account, impersonating Hong Kong-based cryptocurrency exchange HitBTC. They then tricked the woman into contacting @HitBTCAssist for support and got her to share her account details.

The brothers were then able to take control of her account and transfer her 23 BTC into one of their own accounts on Kraken.

“He immediately transferred approximately 50 percent of the stolen Bitcoin to his brother. Over the next few months, he cashed out the remaining bitcoin BTC in exchange for Canadian currency,” according to Assistant US Attorney Quinn Harrington.

The victim, who has asked to remain anonymous, said she believed she was really speaking to cryptocurrency exchange HitBTC on Twitter, not realizing she’d be scammed until her Bitcoin account was emptied.

FBI agents arrested Karanjit at McCarran International Airport in Las Vegas after he flew in from Canada on July 18. He was later returned to Oregon, Canada, to face the indictment.

Harrington told the court he received a $142,349 check from the defendants to be put toward restitution for the victim.

Law enforcement has seized about $6,000 and CAD$230 from the brothers, prosecutors said.

Published December 17, 2019 — 11:02 UTC

Thank you!

Copyright © 2006—2019.
All rights reserved.
Made with in Amsterdam.

This Article was first published on thenextweb.com

About IT News Ug

Check Also

‘Mysterious’ billionaire cashes in $127M worth of Gates-backed pharma stock

TNW uses cookies to personalize content and ads to make our site easier for you …

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

//azoaltou.com/afu.php?zoneid=2572107