Multi-Million Dollar ‘Grandmother Scam’ Using Bitcoin Ends in Miami

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A Canadian man who devised an elaborate scheme to defraud elderly U.S. citizens while using monetary transmitters like Western Union and Bitcoin has been caught. Stephan Moskwyn is looking at up to thirty years in federal prison for money laundering and related crimes performed in Southern Florida. Scammed grandparents into thinking relatives were in financial trouble The basic premise was simple: Call the large elderly population in Florida from a Canadian call center and purport to be a grandchild or other relative in need of money, due to a legal issue or accident. The callers would have them send the funds in the form of pre-paid debit cards, or money orders via Western Union, which would later be cashed in foreign markets like Chile and the Dominican Republic. Then “virtual money orders” were converted to Bitcoin by Moskwyn. He had bought pre-paid debit cards in Miami-Dade and Broward counties to execute the scams, which is when he met with witnesses who were working for federal law enforcement, according to documents submitted to the court. Those who were scammed would even go the extra mile to help, sending more funds than requested multiple times, according to federal investigators. U.S. Attorney Wifredo …