The FBI recovered millions of dollars in bitcoin from overseas fraudsters targeting the elderly.
The fraudsters impersonated U.S. government authorities and convinced victims to send money for “safekeeping.”
In October 2020, foreigners impersonated U.S. police enforcement. The officials stated that fraudsters targeted “vulnerable victims, including the first U.S. citizens and elderly persons.”
Scammers informed the victims over a call that their identities had been compromised. After winning the victims’ confidence, the fraudsters sought funds transfer for “safekeeping,” with the promise of repaying the funds plus interest.
