Fraud

Fraudsters use crypto ATMs to launder millions from Canadian victims

A CBC News investigation has uncovered how cryptocurrency ATMs in Canada are being exploited by scammers to extract and launder money from victims nationwide. These machines, legal and widespread, allow quick conversion of cash to crypto that can be sent globally. Victims like a Calgary retiree have lost thousands, highlighting vulnerabilities in the system.

Crypto scam targets Richland County

October 11, 2025 由 AI 报道

A cryptocurrency scam is targeting residents in Richland County, South Carolina. Local news outlet WLTX reports on the issue, highlighting risks to the community.

Former employees allege fraud sustains Canada's crypto ATM industry

October 08, 2025 由 AI 报道

Nearly a dozen former employees of Canadian crypto ATM companies told CBC News that fraud involving scam victims is a known internal issue. Half believe their former employers would not be profitable without such transactions, while the others think profitability would simply decrease. Operators deny relying on fraud and claim to implement preventive measures.

FINRA survey highlights crypto investors' fraud vulnerability

New findings from the FINRA Investor Education Foundation reveal that crypto and meme stock investors are more likely to fall for fraudulent investment offers. Younger and less experienced investors show heightened susceptibility. The report coincides with the rapid growth of tokenized stocks, raising concerns about regulatory protections.

New York AG Letitia James faces federal mortgage fraud indictment