Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Several Crypto Fraudsters in US Secret Service’s ‘Most Wanted’ List

Several Crypto Fraudsters in US Secret Service’s ‘Most Wanted’ List

The U.S. Secret Service recently published its Most Wanted Fugitives list. The list contains several crypto criminals.

The U.S. Secret Service, which is charged with protecting U.S. political figures, such as the President of the United States, has released a list of “Most Wanted Fugitives.” The list contains several individuals who used digital currencies for their crimes. In fact this should’t come as a surprise, as part of the Secret Service’s mission is to protect the US currency and investigate financial crime:

“We also protect the integrity of our currency, and investigate crimes against the U.S. financial system committed by criminals around the world and in cyberspace.”

One of the top 10 most wanted, Allan Garcia, a 36-year-old Costa Rican, is wanted for allegedly managing the daily operations of Liberty Reserve, a company that “operated in digital currency.” According to Secret Service:

“The company grew into a financial hub of the cybercrime world, facilitating a broad range of online criminal activity, including credit card fraud, identity theft, investment fraud, computer hacking, child pornography, and narcotics trafficking.”

Russian citizen, Danil Potekhin, is another crypto-related criminal on the Secret Service’s top 10 list. Between June 2017 and April 2018, Potekhin and his colleague Dmitrii Karasavidi launched a phishing campaign targeting users of several digital currency exchanges. According to the Secret Service, the duo was able to withdraw some of the victims’ holdings, and manipulate the digital currency markets.

A 33-year-old American citizen, Rashawd Lamar Tulloch, is accused of acting as a third-party money launderer that helped defraud victims out of millions of dollars. Allegedly, Tulloch ran an operation that converted payments into Bitcoin (or cash).

Growing concern over crypto crime

The presence of crypto-related criminals on the Secret Service’s “Most Wanted Fugitives” is an indication that crime coming from the crypto world is recently receiving much more government attention than earlier.

Earlier this month, the Department of Justice announced that ransomware, a crime that is commonplace in the crypto industry, would be prioritized along the same lines as terrorism. The announcement came amidst the high-profile ransomware attack that targeted the Colonial Pipeline.

The G7 echoed the Department of Justice several days later, committing to fighting cryptocurrency-fuelled ransomware attacks.

Source: Several Crypto Fraudsters in US Secret Service’s ‘Most Wanted’ List – Fintechs.fi

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
France Faces New Political Crisis, again, as Prime Minister Bayrou Pushed Out
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
France, at an Impasse, Heads Toward Another Government Collapse
The Country That Got Too Rich? Public Spending Dominates Norway Election
EU Proposes Phasing Out Russian Oil and Gas by End of 2027 to End Energy Dependence
More Than 150,000 Followers for a Fictional Character: The New Influencers Are AI Creations
EU Prepares for War
Trump Threatens Retaliatory Tariffs After EU Imposes €2.95 Billion Fine on Google
Tesla Board Proposes Unprecedented One-Trillion-Dollar Performance Package for Elon Musk
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Big Tech Executives Laud Trump at White House Dinner, Unveil Massive U.S. Investments
Tether Expands into Gold Sector with Profit-Driven Diversification
‘Looks Like a Wig’: Online Users Express Concern Over Kate Middleton
Florida’s Vaccine Revolution: DeSantis Declares War on Mandates
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
"The Situation Has Never Been This Bad": The Fall of PepsiCo
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
The Fashion Designer Who Became an Italian Symbol: Giorgio Armani Has Died at 91
Putin Celebrates ‘Unprecedentedly High’ Ties with China as Gazprom Seals Power of Siberia-2 Deal
China Unveils New Weapons in Grand Military Parade as Xi Hosts Putin and Kim
Rapper Cardi B Cleared of Liability in Los Angeles Civil Assault Trial
Google Avoids Break-Up in U.S. Antitrust Case as Stocks Rise
Couple celebrates 80th wedding anniversary at assisted living facility in Lancaster
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
The White House on LinkedIn Has Changed Their Profile Picture to Donald Trump
"Insulted the Prophet Muhammad": Woman Burned Alive by Angry Mob in Niger State, Nigeria
Trump Responds to Death Rumors – Announces 'Missile City'
Druzhba Pipeline Incident Sparks Geopolitical Tensions
Cost of Opposition Leader Péter Magyar's Economic Plan Revealed
Germany in Turmoil: Ukrainian Teenage Girl Pushed to Death by Illegal Iraqi Migrant
United Krack down on human rights: Graham Linehan Arrested at Heathrow Over Three X Posts, Hospitalised, Released on Bail with Posting Ban
Asian and Middle Eastern Investors Avoid US Markets
Ray Dalio Warns of US Shift to Autocracy
Eurozone Inflation Rises to 2.1% in August
Russia and China Sign New Gas Pipeline Deal
Von der Leyen's Plane Hit by Suspected Russian GPS Interference in an Incident Believed to Be Caused by Russia or by Pro-Peace or by Anti-Corruption European Activists
China's Robotics Industry Fuels Export Surge
Suntory Chairman Resigns After Police Probe
Gold Price Hits New All-Time Record
UK Fintechs Explore Buying US Banks
Greece Suspends 5% of Schools as Birth Rate Drops
Apollo to Launch $5 Billion Sports Investment Vehicle
Bolsonaro Trial Nears Close Amid US-Brazil Tension
European Banks Push for Lower Cross-Border Barriers
Poland's Offshore Wind Sector Attracts Investors
Budapest Central European Fashion Week Kicks Off
U.S. Celebrates Labor Day
Hungarian National Team Captain Scores Epic Goal
×