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Fake Crypto Recovery Service Operator Arrested and Charged: The One Guy Who Actually Got Caught Doing What Thousands of Others Are Still Getting Away With

An illustration of a man with a sly expression being handcuffed behind his back, while holding onto an empty briefcase labeled as "CDN" (Coin Dispute Network), in front of him is a large pile of ethereum coins spilling out from the suitcase; he's standing on top of a Las Vegas sign. In the background are two men with badges and sunglasses looking at each other satisfied. The man being handcuffed has his eyes cast downward, while one of the agents looks up to glance directly at the viewer. A faint image of a blockchain pattern is visible in the sky above them.

Oh boy, it’s about time someone got caught for running a crypto scam! I mean, come on folks, if you’re going to get rich quick with cryptocurrency (which is just numbers on a computer created from nothing), at least have the decency to be honest about how much of your money will go towards paying some dude in Las Vegas. And let’s not forget the “blockchain tracing reports” that are basically just made-up nonsense designed to part you from your hard-earned cash

Source: bitcoin.com

The Homeland Security Investigations New York has charged Michael Lauchlan for running a fraudulent cryptocurrency recovery service, Coin Dispute Network (CDN), that scammed customers out of their ethereum. Lauchlan convinced clients he could recover lost cryptocurrencies but pocketed the fees and took additional ethereum. He was arrested in Las Vegas. Homeland Security Investigations (HSI), a premier federal law enforcement agency within the U.S. Department of Homeland Security (DHS), announced Monday […]

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