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- The US Department of Justice has found few miscreants who have indulged in international cybercrime throughout the world.
- Criminals across the world are using different forms of technologies to commit cybercrimes and dupe citizens the world over, of their hard-earned money
- Read all the guidelines before you participate in an online auction which might turn out to be a racket run by a money-laundering agency.
Cybercrimes know no boundaries and take different forms at a pace you would’ve never imagined. Recently, the US Department of Justice has found few miscreants who have indulged in international cybercrime throughout the world.
Romanians’ Involvement In A Cybercrime In US
Bogdan-Stefan Popescu, Liviu-Sorin Nedelcu, Vlad-Calin Nistor, and Beniamin-Filip Ologeanu are those crooks from Romania who have been accused of money laundering and deceiving millions of people in the United States of America.
The court has found them guilty on account of RICO conspiracy. Further, their sentence is due yet. Senior Counsel Frank H. Lin and Senior Trial Attorney Timothy C. Flowers are pursuing the case.
Growing Incidents of International Cyber-crime In Cryptocurrency
Criminals across the world are using different forms of technologies to commit cybercrimes and dupe citizens the world over, of their hard-earned money. Moreover, victims have less knowledge and are are not suspicious of a seller online.
In our case, Popescu faced accusations of using fake advertisements and images to defraud Americans. Furthermore, there was a usage of IP addresses for the corroboration of unsigned services. All the more, he used to take fiat currency in exchange for cryptocurrency.
The digital currency is at the core of all the crimes committed by the defendants mentioned above. The co-conspirators of Nedelcu took part in money laundering schemes to convert the sufferer’s payment into bitcoin. Moreover, the criminals took up the roles of sales executives and customer service agents, to carry out their misdemeanors.
Some Measures to Prevent Cyber-crime
One should always look out for pre-paid gift cards that are requested by sellers. Never provide your social security or PIN online. With the advent of technology, these criminals feel that they are above all law enforcement bodies.
These successful investigations are proof that no one is above and beyond the hands of justice. Fictitious accounts should be frozen and adequate measures adopted to stop such felonies. If you doubt the pricing of a product being too good, it most probably is a scam.
Lastly, if you happen to use an escrow account make sure it’s a legitimate one. Read all the guidelines before you participate in an online auction which might turn out to be a racket run by a money-laundering agency.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
