Sunday, January 24, 2021

21-year-old Australian involved in a million-dollar crypto scam granted bail

The Takeaway:

21-year-old Jasmine Vella-Arpaci from Australia is being charged with 53 counts of fraud and theft. She belonged to a criminal group who purchased personal information from the dark web to open bank accounts.

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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.

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Thomas Allums
Thomas Allums
Although Thomas is an experienced writer, he is also a passionate musician who loves to travel often. He is based in New York and loves to spread the word about decentralization throughout his neighborhood.

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