France's 1.5 million euro crypto fraud case solved, and both mother and son involved were arrested

Comparatively, according to the “Nice Morning News” report, after a year of investigation, police in the French province of Var successfully uncovered a cryptocurrency fraud case involving 1.5 million euros and arrested a mother and son involved in the case.

The two carried out a “Rip Deal” (false sale) scam, falsely claiming that they could buy a luxury home on their behalf, trick a wealthy Ramatuelle couple into Milan and demand that the other party pay 1.5 million euros of transaction guarantee fees in cryptocurrency. During the crime, the suspect used a hidden camera to steal the victim's encrypted account information and private keys, and then transferred all of the encrypted assets.

The police arrested the mother and son in Cavalaire and simultaneously sealed the suspect's property worth 1.9 million euros. Both suspects have multiple criminal records of fraud. They will be tried on September 1 and face multiple criminal charges related to organized gang fraud.