The number of scams that involve would-be victims buying bitcoin has risen high enough in Cleveland’s Cuyahoga County that the Federal Bureau of Investigations (FBI) has gotten involved. 

The Cuyahoga County Department of Consumer Affairs teamed up with the FBI to place signs around Bitcoin ATMs warning people about possible scams, such as someone claiming to need a bitcoin for an IRS payment, utility bills, or a law enforcement investigation. 

“We have a very active financial crimes unit in Cleveland,” said Vicki Anderson-Gregg, Special Agent for the Cleveland Division of the FBI. “We joined a partnership with the County Scam Squad to put out this alert.” 

Local reporting in Cleveland shows that, in one instance, a scammer pretended to be a victim’s son in need of bail money to pressure the victim into sending $9,000 in Bitcoin. But an observant clerk halted the situation before a transaction could take place. In…

Read full article at scamguards.org

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