21-year-old Jasmine Vella-Arpaci is being accused of shipping millions of dollars with the help of crypto. She has been charged with 53 counts of fraud and theft. According to the Australian Securities and Investments Commission (ASIC), Jasmine belonged to a criminal gang “Team Awesome,” who indulged in purchasing of identities from the darknet to open bank accounts.
The group stole funds from superannuation accounts and share-trading accounts, and then the stolen funds were transferred to their accomplice in Hong Kong. The group received funds back from Hong Kong in the form of cryptocurrency. Today court granted bail to Jasmine.
AFP Manager of Cyber Crimes Operations Acting Commander Chris Goldsmid said that criminals are trying to steal retirement nest eggs from people around Australia using the dark web and cryptocurrencies. The AFP alleged that the group used stolen personal information to open at least 70 bank accounts.
The Australian reported that investigation is underway and no else has been charged yet. Jasmine, who is the mother of an infant, will appear before Melbourne county court on 11th February 2020.
Cryptocurrency related crimes in Australia are on the rise from the last couple of years, and most of the scams involve retirements funds of people. Let us know in comments how do you think authorities can minimize these scams.