Two UK men arrested in crypto fraud targeting elderly victim
Two males have been arrested in reference to a cryptocurrency fraud case that led to a 75-year-old Aberdeenshire man shedding a six-figure sum.
Police started investigating the case in July 2024. On February 18, 2025, officers from North East Division CID, with help from West Midlands and South Yorkshire Police, arrested a 54-year-old man in Coventry and a 36-year-old man in Mexborough.
Each have been charged with fraud offences, and a report will probably be submitted to the Procurator Fiscal, in line with a press release on the matter.
Detective Sergeant David Williamson emphasised the significance of defending the general public from monetary crime.
“This operation demonstrates our dedication to making sure individuals are protected against fraud. We are going to do all the pieces in our energy to convey these accountable to justice,” he mentioned.
Authorities urge the general public to stay vigilant and report any suspicious exercise to the police.
“I might additionally encourage members of the general public to be aware of exercise which seems fraudulent and to report this to police,” Williamson mentioned.
Equally, Norwegian authorities recently indicted 4 people for a large-scale fraud and cash laundering scheme that defrauded 1000’s throughout a number of international locations. Over 900 million kroner flowed via the scheme, with greater than 700 million kroner laundered by way of a Norwegian legislation agency and despatched to Asia.
Victims had been recruited via a multi-level advertising construction and persuaded to purchase cryptocurrency and shares with false guarantees of funding in fuel fields, mining, and actual property.
