U.S. prosecutors seek to forfeit $327,000 in USDT in connection with a "pig butchering" crypto scam
Svmuu News: Federal prosecutors in Massachusetts recently filed a civil forfeiture action seeking to recover 327,829.720952 USDT (approximately $327,000), funds allegedly linked to a cryptocurrency scam carried out via a dating app. Prosecutors stated that the investigation began in the fall of 2024, when authorities discovered that a Massachusetts resident was suspected of being involved in a “romance scam.” The suspect, using the name “Linda Brown,” established a relationship with the victim over several weeks before claiming there was a cryptocurrency investment opportunity and inducing the victim to transfer funds. Prosecutors stated that the suspect used the guise of a “legitimate investment” to trick the victim into transferring funds to wallet addresses controlled by the suspect or her accomplices. The victim only realized the investment was a scam after failing to withdraw their funds. Law enforcement noted that the stolen funds were transferred through multiple crypto wallets, subsequently converted to USDT, and ultimately used in money laundering transactions. This case comes as U.S. regulators are stepping up warnings about “romance crypto scams.” Previously, the U.S. Attorney’s Office for the District of Ohio issued a reminder titled “Cupid Doesn’t Ask for Crypto” ahead of Valentine’s Day, warning the public to be wary of romance investment scams carried out via social media and instant messaging platforms.
Source:Odaily · Source Link
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