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The Independent UK
The Independent UK
National
Rich Booth

Luxury life of gang who pretended to be police to steal £4m of crypto

The defendants took regular shopping trips to designer stores including Harrods, Hermès and Louis Vuitton, and treated themselves to hotels, restaurants and other lifestyle expenses, despite them having little or no verified income - (Met Police)

A gang who pretended to be police officers to defraud eight victims of more than £4 million worth of cryptocurrency have been jailed after spending the money on a luxury lifestyle, including holidays and Rolexes.

The men called their victims claiming to be from the police and told them their cryptocurrency was at risk. They then persuaded them to either provide account details or transfer the funds to what the victims believed were secure accounts.

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