The BTC worth of $150,000 had been used for the laundering of money obtained in frame of state program of support of small-scale businesses suffered from COVID-19 lockdown.
British citizen had been detained for having illegal £115,000 ($150,000) in BTC equivalent of Bitcoin (BTC), Metropolitan Police report says. The cryptocurrency is related to the process which concerns thief scheme used for government financing of small businesses suffered from COVID-19 lockdown.
The 35-year-old woman was detained based on the accusation on fraud, money laundering and child neglect, after the verification of her living address in Ipswich, United Kingdom. Next day the filing of BTC funds extraction has been made.
The said investigation has become the ground to check new type of fraud with the applications for “Bounce Back Loans” provided by UK government and designed for the assistance to small businesses suffered from COVID-19 epidemic.
Provided loans had been used for the purchase of BTC worth $150,000 in price and stored at suspect’s wallet
Detective Sergeant Ian Barret of the Met’s Proactive Money Laundering Team commented the following on such behavior:
“For people to take advantage of Government support available to those who really need it in these unprecedented times is appalling.”
But criminals target not governmental programs only. UK government also warned citizens to get away from scammers using the COVID-19 crisis for the thefts.