The elderly were the most vulnerable, and crypto ATMs have a variety of illicit uses, the report found.
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The Wisconsin Department of Financial Institutions aims to protect investors from crypto and investment fraud with a new scam tracker based on consumer complaints.
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The scammers convinced victims to transfer millions of dollars into these U.S. bank accounts, which were then used to launder the illicit funds.
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A report suggests companies are able to register in the U.K. very easily, making them appear more credible to potential scam victims.
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