Ohio Victim Loses $198,232 in Cryptocurrency Scam, DOJ Seeks Forfeiture of Traced Funds
Federal prosecutors have filed a civil forfeiture complaint targeting cryptocurrency traced to a fraud that drained nearly $200,000 from an Ohio man’s retirement savings. An Eastlake resident transferred funds from his retirement account to a local bank and then to Coinbase after an unsolicited caller using the alias…
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Cryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
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