Analysis News TheBitTimes.com

A UK police officer has been barred from the force after lying about hiding thousands of pounds in Crypto and showing a “serious lack of integrity” while claiming to be an amateur investor.   As reported by the Harborough Mail, when Osama Hussain joined Leicestershire Police in 2022, he claimed to have invested £150 in Crypto , downplaying his relationship with an unnamed individual he was trading with.  In fact, Hussain was actually spending thousands on digital currency and the individual, known as Person A, was later discovered to have conducted transactions worth £4,000 with Hussain. These discrepancies were missed during the police vetting process during which an officer’s financial investments are scrutinized to determine their risk of vulnerability to financial inducement. Australian police failed to act on HyperVerse scam for two years Read more: UK newspaper investigates after ‘crypto wizard’ posts NHS token article His secret crypto lifestyle was unearthe...

A London builder who fraud ulently applied for a £50,000 ($62,000) Covid-19 loan before losing it all in a crypto investment Scam has been sentenced to almost two years in prison. As announced by the UK ’s Insolvency Service, 43-year-old L UK asz Nowak successfully applied for a £50,000 ($63,000) Bounce Back loan in October 2020, claiming his business had made £205,000 ($258,000) in the previous tax year. However, Nowak had actually turned over just £20,000 ($25,000). The Bounce Back scheme allows small and medium-sized businesses to borrow between £2,000 ($2,500) and up to 25% of their turnover. Rather than spending the loan on financially supporting his business as intended, today’s press release revealed how Nowak chose to invest the funds into crypto via a third-party broker . However, the broker in question stole his funds, forcing him to declare bankruptcy in July 2021. TikTok ‘guru’ launders COVID loans with crypto, spoils girlfriend Read more: Hac...