Bitcoin fraud gang struggled to spend cash - police

A £21m Bitcoin fraud netted a Blackpool-based gang so much money they struggled to spend it, said police.with the help of Kelly Caton, Stephen Boys, Jordan Robinson and James Austin-Beddoes.

He and his co-conspirators siphoned off an "absolutely staggering" £21m worth of credits in cryptocurrency over a three-month period, Det Sgt David Wainwright toldParker used the services of Boys, who was nicknamed Rodney from BBC One comedy Only Fools and Horses, to help him launder the stolen funds through various accounts around the world.

Det Sgt Wainwright said Parker, who moved out of his flat and into a hotel, bought cars for about 20 people - including random people he met in a pub - and he handed out £5,000 gift vouchers to strangers in the street as well as tipping taxi drivers £50."He did gain a bit of a reputation round the Fylde coast as being the Bitcoin millionaire but he kept the source of that very secret until the police found out.

They really are a Bitcon.

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Bitcoin scammers made so much money they 'handed out £5,000 gift cards'The £22m crypto-currency gang bought cars for people they met in the pub during the 'staggering' scam Good on em 👏 They are not 'Bitcoin scammers' - they stole bitcoin from an exchange, they sold the bitcoin for cash, then they laundered the cash. Where is the scam involving Bitcoin please? 'Scammers who stole bitcoin made so much money they 'handed out £5,000 gift cards in the street'' Fixed it for you!
Source: MENnewsdesk - 🏆 23. / 69 Read more »