British police confiscated Bitcoin worth $ 2.8 million from the Teen Operating Scam website-News

The British police have confiscated Bitcoin worth almost $ 3 million from a teenager who had set up a fake website to defraud consumers. "At that time they were worth 200,000 pounds. They are now worth a little more than £ 2 million."

British police confiscated Bitcoin worth $ 2.8 million

The British police arrested a 17-year-old boy from South Lincolnshire and confiscated Bitcoin worth almost $ 3 million from him, BBC News reported on Tuesday. The authorities cannot name the boys for legal reasons.

Prosecutor Sam Skinner said that the teenager had set up a fake website that was almost identical to the official website of Love2shop, the gift vouchers sold.

He then paid for advertising on Google, which led to his fake website appeared in the search results on the real website. Love2shop user has caused the fraud to enter your personal data. The prosecutor said:

People were tempted to click on his website because they thought they would access the official website.

The teenager deleted the website after a week when Love2shop began to investigate him due to a complaint.

steel vouchers worth £ 6,500 (8,954) and used the proceeds to buy bitcoins and other cryptocurrencies, Lincoln Crown Court was communicated.

When he was arrested in August last year, the police found 48 bitcoins and a smaller number of other cryptocurrencies. At the time of the letter, this amount of btc is worth almost 3 million US dollars, based on data from bitcoin.com-markets .

Skinner said:

At that time they were worth £ 200,000. You are now worth a little more than £ 2 million.

In further investigations, the police also found over 12,000 credit card numbers stored on the teenager computer and details of 197 PayPal accounts.

The teenager admitted that they had charged money laundering between April 9 and 16, 2020 and fraud in the amount of a total of £ 6,539 by false presentation.

Judge Catarina Sjolin Knight decided that he benefited from his crimes by £ £ 2,141,720 and ordered this amount to be confiscated from his assets. The teenager was also given a 12-month rehabilitation arrangement. "If he had grown up, he would go in," said the judge.

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