Tuesday, September 16, 2025

DC attorney general sues operator of Bitcoin ATM’s; alleges that 93% of transactions are money to scammers

 Scammers are NOT Robin Hood.  Fraudsters bring in a lot of money, and of course spend it in the area where they are located. Some may even contribute to local charities. But the data shows that the areas where scammers tend to locate also suffer more scams and fraud than other places.  For example, Florida, traditionally home to most US based fraud call centers, has often topped the list of scam complaints per capita. Where crooks locate, spread, and teach others their methods local people suffer.

 

Fraud Studies: Here are links to the studies I’ve written for the Better Business Bureau: puppy fraudromance fraud; BEC fraudsweepstakes/lottery fraud,  tech support fraudromance fraud money mulescrooked movers, government impostersonline vehicle sale scamsrental fraud, gift cards,  free trial offer frauds,  job scams,  online shopping fraud,  fake check fraud and crypto scams
 
Fraud News Around the worldHumor FTC and CFPBBenefit Theft Scam CompoundsBitcoin and Crypto FraudRansomware and data breachesATM Skimming                                                         Jamaica and Lottery Fraud 
Romance Fraud and Sextortion