Boxford Police Successfully Recover Funds in Cryptocurrency Fraud Investigation

An FBI report reveals an increase in cryptocurrencies-related frauds with Brazil, Mexico and Spain among the 20 most affected countries. In 2023, the FBI's Internet Crime Complaints Center (IC3) received more than 69,000 reports related to financial fraud involving cryptocurrencies. Total losses related to cryptocurrencies exceeded $5.6 billion. Although cryptocurrencies-related complaints represent only about 10% of total financial fraud allega…

Boxford Police Successfully Recover Funds in Cryptocurrency Fraud Investigation

BOXFORD – The Boxford Police Department has successfully recovered funds for a local resident who fell victim to a sophisticated PayPal/Bitcoin scam, marking the first time in Essex County that authorities have been able to seize and reclaim cryptocurrency from an exchange. The case began on June 26, 2024, when a Boxford resident reported being scammed out of $13,000 after receiving a fraudulent email from PayPal. The scam led the victim to a ph…