Elderly Man’s Life Savings Drained in Crypto Scam: $1 Million in Cryptocurrency Seized

Federal prosecutors in Cleveland seized nearly $1 million in cryptocurrency linked to a scam that targeted an elderly man, highlighting the rise of sophisticated crypto fraud. The scammers, posing as Apple support, gained remote access to his computer and stole $408,000, laundering the money through Tether. This incident underscores the growing threat of cryptocurrency-related crimes.

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