Bitcoin proceeds from COVID-19 business support program fraud seized – Cointelegraph

Bitcoin proceeds from COVID-19 business support program fraud seized – Cointelegraph

A British woman has been arrested in possession of £ 115,000 ($ 150,000) of Bitcoin (BTC), according to a Metropolitan Police report. The cryptocurrency is believed to be the product of a fraudulent scheme asking for government loans to help small businesses in the wake of the coronavirus pandemic.

The 35-year-old woman was arrested on suspicion of fraud, money laundering and child neglect,…

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