US EditionCryptocurrency fraud robs B.C. man of $190K he will never see again
- Waylon Wilcox, 45, has been charged with filing false individual income tax returns for failing to report gains from cryptocurrency sales, according to the United States Attorney's Office for the Middle District of Pennsylvania.
- Wilcox allegedly underreported his income by approximately $7,402,935 in 2021 and $4,599,532 in 2022, which significantly reduced his tax owed, as stated by Acting U.S. Attorney John C. Gurganus.
- A Fruitvale man lost $190,000 in a cryptocurrency scam, with the RCMP warning that such scams are becoming increasingly common.
- Investigators confirmed that the victim's funds were transferred to a third-party electronic location beyond his control, and the funds are not recoverable, according to police.
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