Woman uses bitcoin to withdraw $300,000 in scams
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Answer Woman uses bitcoin to withdraw $300,000 in scams
We live in a digital age.
We are surrounded by many digital devices that work through interaction with the user, asking him for his personal information and many data in order to customize the program or machine according to the nature of the user and what he wants.
But it is a double-edged sword, as these devices and platforms contain a sea of personal information.
Social media, online shopping accounts, and even our smartphones are largely filled with personal and financial information that criminals are looking for how to get it.
The dark web helps facilitate this by providing it to sell this information.
approved A New Jersey woman has been charged with defrauding more than $300,000 after using bitcoin to purchase stolen personal information on the dark web.
Read:The Ripple Case: XRP is Rising in Speculation… Will Either Side Collapse in the End?
The woman in question is Brianna Burford, 25, from Fort Lee, New Jersey.
Prosecutors say it conducted four bitcoin transactions between October 2018 and December 2018.
Transactions made from Bitcoin ATMs were carried out on private websites which are sites on the dark web that sell stolen bank accounts, credit cards and other personal information.
Brianna Burford used information stolen from bank accounts and credit cards to make or attempt to make fraudulent purchases in excess of $300,000.
It is clear that such charges were made without the knowledge of the actual account holders.
Burford pleaded guilty in Newark federal court to one count of fraud.
She is scheduled to be sentenced on March 4, 2020.
The maximum penalty for wire fraud is 20 years in prison plus a $250,000 fine or twice the total gain or loss for the criminal offense which would be more than $600,000.
While women have used bitcoin to purchase stolen information to withdraw some funds, the truth is that the vast majority of bitcoin transactions are legitimate.
Official fiat currencies are used more often and even more often than cryptocurrencies for malicious purposes.
Read:Why did Brian Brooks resign as CEO of Binance?
Although it is true to say that the ease of sending cryptocurrency across borders instantly provides some usage advantages for criminals.
Most of the time Bitcoin is mentioned in connection with crime, it is usually through a fraudulent investment scheme that steals people’s cryptocurrency or a ransomware attack.
Read also:
Ripple is used in crime and fraud, but to a lesser extent than Bitcoin, according to a new report
The OneCoin Project: The Story of the Biggest Scam in Crypto History
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