A woman arrested for defrauding 68,000 euros with fake cryptocurrency investments.
The arrested woman had also been scammed for the same reason previously.
PalmPolice have arrested a woman as the alleged perpetrator of a fraud involving false cryptocurrency investments amounting to €68,000 in Palma. The arrest followed two complaints from two victims: one for €18,000 and the other for €50,000.
The National Police have reported that the Technological Crimes and Economic Crime Group became aware of a fraud in December of last year, in which a series of cryptocurrency payments were identified to a woman. The payments were related to an alleged false cryptocurrency investment scam, of which she was the beneficiary in one of the accounts she had opened in her name.
Subsequently, last June, a second complaint was received in which the victim stated that some alleged brokers The people with whom she made her investments put her in touch with someone on the island who could help her begin the process of investing in crypto assets.
The investigation focused, first, on the origin of the funds defrauded around cryptocurrencies. Criminal organizations specialized in this type of crime move the funds between multiple accounts to make them difficult to track. In this way, they interpose many layers between the origin of the funds and their final destination.
After learning of the second complaint, the victim provided the contact information of the person that the criminal organization provided her with the aim of helping her take the first steps and thus being able to transfer the funds to the scammers. The woman's participation was necessary for the scam to be carried out. It is through this contact that both complaints are linked and the woman is arrested as a suspected perpetrator of a crime of fraud, for which the information was transferred to the Judicial Authority.
Police have indicated that during the investigation, it was determined that the detainee had also been a victim initially, having been scammed with a false investment. Following the scam, the criminal organization contacted her offering her the opportunity to recruit more investors, supposedly to obtain a financial benefit for each one. The investigation is ongoing, and further arrests are not ruled out.
