Serbian man extradited to US over cryptocurrency mining fraud scheme
Serbia extradited a man to the U.S. to face charges that he and his partners defrauded investors out of more than $70 million, in part by touting phony cryptocurrency mining companies, authorities announced Friday. The Serbian man, Antonije Stojilkovic, stands accused of conspiracy to commit fraud and money laundering, charges for which he could face 20 years in prison. “This $70 million scam spanned several continents, targeting American citizens and foreigners alike,” said Prerak Shah, acting U.S. Attorney for the Northern District of Texas. “The U.S. Department of Justice will not relent in our fight against cybercrime.” Stojilkovic and his co-conspirators advertised that their cryptocurrency mining platforms would allow investors to “purchase bitcoin at half market price!!” because of a “24-7 mining” operation at “facilities ‘worldwide,’” according to a Justice Department press release. In propping up those companies and others devoted to binary options — more than 20 in all […]
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