15 People Plead Guilty in Bitcoin-Powered Fake Auctions Case

[Tanimariya]

The U.S. Department of Justice received two more guilty pleas from Romanian nationals involved in a crypto-fuelled transnational cyber fraud ring on June 11.
Fifteen people have pleaded guilty to involvement in an international syndicate that used fraudulent online auctions to dupe victims out of Bitcoin (BTC) according to the United States Department of Justice (DoJ).

From at least December 2013, the syndicate used listings for non-existent goods on auction and sales websites to defraud victims, with the group laundering the funds through a Romanian crypto exchange Coinflux in recent years.

According to the DoJ’s announcement, four of the guilty pleas were made by Romanian nationals in the past 24 days before U.S. Magistrate Judge Matthew A. Stinnett, with two taking place in the last 24 hours.
Read more info: https://cointelegraph.com/news/15-people-plead-guilty-in-bitcoin-powered-fake-auctions-case