New York Attorney General Letitia James , a group of tech-savvy con artists stole thousands from a nation-wide crypto fraud that conned unsuspecting victims, some of whom were located in New York, looking for remote function to transfer money into the swindlers ‘ digital wallets, according to New York Attorney General Letitia James , on Thursday.
The network of con artists cold-texted their victims, tricking them into believing they could work from home, just to steal their money in the form of cryptocurrency, a form of electronic money that is more difficult to trace than traditional cash. According to James, victims were allegedly contacted by fraudulent recruiters at different fake businesses who claimed they could earn money by online reviews of goods for reputable brands.
In order to engage in the distant prospect, new recruits would have to start a cryptocurrency accounts, buy” stablecoins” — a type of digital currency — and deposit them into a digital wallet controlled by the scammers.
The cybercriminals promised the sufferers they do get their first purchase back, plus a payment, when they started working. They were told to acquire cryptocurrencies through well-known crypto programs, like Coinbase or Crypto.com, and take them to unregulated digital wallets. However, the subjects ‘ bitcoin was sucked away into the con artists ‘ cards instead of making money.
According to the New York attorney general’s office, a man who was bamboozled by the scheme lost more than$ 100, 000 believing that they were setting up a legitimate online job with “numerous benefits and flexible requirements.” A scammer who posed as a coach conned the victim into purchasing stablecoins, which the scammers finally stole with the assurance of remote work and higher commissions.
It is cruel and unacceptable to deceive New Yorkers looking to work from home and make money to support their families, James said in a speech. The crypto that my business has frozen will be able to provide assistance to New Yorkers who have been defrauded by this scam.
James urged New Yorkers to be wary of unwelcome text messages sent by mysterious recipients and to contact the state attorney general of New York with any suspicious activity.
___
© 2025 New York Daily News
Distributed by , Tribune Content Agency, LLC.
