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The US Homeland Security Investigations (HSI) detained three Miami residents on suspicion of cryptocurrency fraud and identity theft.
The US Department of Justice has charged Esteban Cabrera da Corte, Luis Hernandez Gonzalez and Asdrubal Ramirez Meza with cryptocurrency fraud. Using a stolen ID, the men bought digital assets on the trading platform and then claimed the transactions were not authorized in order to receive a refund.
“A Miami-based crime ring used stolen identities to purchase cryptocurrency and then demanded refunds by disputing the transactions and leading US banks to believe that they themselves were victims of fraud. Thanks to the efforts of the HSI Task Force, their scam was uncovered and they now face serious federal charges,” said U.S. Attorney Damian Williams.
In total, the group of scammers stole $4 million. The greatest losses were suffered by the cryptocurrency exchange, which lost $3.5 million. For the crime, the defendants face up to 30 years in prison. HSI has pledged to work with the U.S. Secret Service and partners in the Southern District of New York to continue to monitor traces of illegal transactions and prevent any future forms of crypto fraud.
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The author of the scheme to defraud American banks and crypto exchanges received more than five years in prison
American Esteban Cabrera da Corte was sentenced to 5 years and 3 months in prison for creating a scheme to defraud banks and crypto exchanges, which in total brought him more than four million dollars. The scammer, as a rule, used the identification data of real people to scam people.
Investigators were able to prove only a few episodes related to Cabrera, and therefore are not even sure how long he carried out his activities. The 27-year-old fraudster’s scheme involved opening bank accounts using fake documents and then purchasing cryptocurrency with money from these accounts.
The cryptocurrency was then promptly withdrawn to other wallets, and Cabrera himself contacted banks, whose employees explained that the purchase of cryptocurrency was unauthorized. As a result, in several cases he was able to force banks to restore the “stolen” funds.
The US Department of Justice has charged Esteban Cabrera da Corte, Luis Hernandez Gonzalez and Asdrubal Ramirez Meza with cryptocurrency fraud. Using a stolen ID, the men bought digital assets on the trading platform and then claimed the transactions were not authorized in order to receive a refund.
“A Miami-based crime ring used stolen identities to purchase cryptocurrency and then demanded refunds by disputing the transactions and leading US banks to believe that they themselves were victims of fraud. Thanks to the efforts of the HSI Task Force, their scam was uncovered and they now face serious federal charges,” said U.S. Attorney Damian Williams.
In total, the group of scammers stole $4 million. The greatest losses were suffered by the cryptocurrency exchange, which lost $3.5 million. For the crime, the defendants face up to 30 years in prison. HSI has pledged to work with the U.S. Secret Service and partners in the Southern District of New York to continue to monitor traces of illegal transactions and prevent any future forms of crypto fraud.
++++
The author of the scheme to defraud American banks and crypto exchanges received more than five years in prison
American Esteban Cabrera da Corte was sentenced to 5 years and 3 months in prison for creating a scheme to defraud banks and crypto exchanges, which in total brought him more than four million dollars. The scammer, as a rule, used the identification data of real people to scam people.
Investigators were able to prove only a few episodes related to Cabrera, and therefore are not even sure how long he carried out his activities. The 27-year-old fraudster’s scheme involved opening bank accounts using fake documents and then purchasing cryptocurrency with money from these accounts.
The cryptocurrency was then promptly withdrawn to other wallets, and Cabrera himself contacted banks, whose employees explained that the purchase of cryptocurrency was unauthorized. As a result, in several cases he was able to force banks to restore the “stolen” funds.
