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Cryptocurrency

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$1.4M In Crypto Seized During Historic Loudoun County Bust, Sheriff Says $1.4M In Crypto Seized During Historic Loudoun County Bust, Sheriff Says
$1.4M In Crypto Seized During Historic Loudoun County Bust, Sheriff Says A single text message, sent to the wrong person, led to one of the largest cryptocurrency recoveries in Virginia history. The Loudoun County Sheriff's Office (LCSO) announced Monday, Feb. 24, that it seized $1.4 million in stolen cryptocurrency—recovered from a sophisticated “pig butchering” scam.  Officials believe the bust is among the first and largest of its kind in the state. “This seizure sends a clear signal to bad actors: Loudoun County is coming for you,” Sheriff Mike Chapman said. “We will not allow our citizens to be taken advantage of and will do everything possible to get…

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by Zak Failla
Business
Don't Fall For It: New Twist On Imposter Fraud Targets Your Money, Personal Info Don't Fall For It: New Twist On Imposter Fraud Targets Your Money, Personal Info
Don't Fall For It: New Twist On Imposter Fraud Targets Your Money, Personal Info The Federal Trade Commission (FTC) is sounding the alarm on a sophisticated new imposter scheme designed to steal your money and personal information.  These scams are becoming increasingly convincing, but learning to spot the red flags can help you stay protected. How the Scam Works Initial Contact: Scammers pose as representatives from well-known companies, such as Amazon or a tech support service. They’ll claim there’s a routine issue, like suspicious charges on your account, a computer virus, or an account breach. Escalation: The scammers lie, saying your name is tied to serious …

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by Joe Lombardi
Politics
US Attorney Matthew Graves To Step Down Days Before Trump Inauguration In DC US Attorney Matthew Graves To Step Down Days Before Trump Inauguration In DC
US Attorney Matthew Graves To Step Down Days Before Trump Inauguration In DC Matthew Graves is stepping down as US Attorney for DC, his office confirmed, announcing that his resignation will be official as of Thursday, Jan. 16, four days before the presidential inauguration.  Graves has been in the role of DC's top prosecutor for more than three years following his confirmation by the Senate on Oct. 28, 2021, days before he was sworn in on Nov. 5, 2021.  “Serving as the US Attorney for the District of Columbia has been the honor of a lifetime,” Graves said, thanking Congresswoman Eleanor Holmes Norton, President Biden, and Attorney General Merrick Garland …

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by Zak Failla
News
Virginia Man Convicted Of Elaborate $185K Cryptocurrency Scheme To Help Fund ISIS: Feds Virginia Man Convicted Of Elaborate $185K Cryptocurrency Scheme To Help Fund ISIS: Feds
Virginia Man Convicted Of Elaborate $185K Cryptocurrency Scheme To Help Fund ISIS: Feds A Virginia man who funneled nearly $200,000 in cryptocurrency to ISIS operatives overseas is facing decades behind bars following his conviction on federal terrorism charges. Mohammed Azharuddin Chhipa, 35, of Springfield, was convicted by a federal jury for his role in a scheme to provide financial and logistical support to ISIS, officials announced Monday. Prosecutors said Chhipa used social media to raise funds, collected money both electronically and in person, converted it to cryptocurrency, and sent it to Turkey, where it was smuggled to ISIS members in Syria.  Those funds were …

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by Zak Failla
Politics
Elon Musk, Vivek Ramaswamy Tapped To Head Trump's New Dept. Of Government Efficiency Elon Musk, Vivek Ramaswamy Tapped To Head Trump's New Dept. Of Government Efficiency
Elon Musk, Vivek Ramaswamy Tapped To Head Trump's New Dept. Of Government Efficiency President-Elect Donald Trump continues to fill his cabinet with loyalists and his biggest supporters following his sweeping victory in last week's election.  He announced Tuesday, Nov. 12, that two billionaire former rivals turned allies, Elon Musk and Vivek Ramaswamy, would head up his new Department of Government Efficiency.  Related: Trump Nominates NY Rep. Elise Stefanik As UN Ambassador The tech entrepreneur, age 53, and the 39-year-old Harvard and Yale Law grad will be tasked with major cuts in government spending. Trump called it "The Manhattan Project" for a new…

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by Josh Lanier