NEW YORK: Scammers stole millions of dollars in cryptocurrency from people seeking remote work opportunities as part of an elaborate scheme, according to New York’s attorney general.
Attorney General Letitia James said Thursday that she’s filed a lawsuit in order to recover more than $2 million that she said was stolen from New Yorkers and others around the country.
James said the unknown network of scammers used unsolicited text messages to target people looking for remote work.
They told victims that the job involved reviewing products online in order to help generate “market data,” James’ office said. But in order to begin earning money, victims were told they had to open cryptocurrency accounts and had to maintain a balance equal to, or greater than, the price of the products they were reviewing.
The victims were assured they would get their investments back plus commission, but the funds simply went into the scammers’ crypto wallets, James’ office said. The product reviews were also conducted on a website set up as part of the scheme.
The suit cites seven victims, identified by pseudonyms, residing in New York, Virginia and Florida. One New York victim lost over $100,000, according to the suit. A Florida woman lost over $300,000.
“Deceiving New Yorkers looking to take on remote work and earn money to support their families is cruel and unacceptable,” she said in a statement. “Scammers sent text messages to New Yorkers promising them good-paying, flexible jobs only to trick them into purchasing cryptocurrency and then stealing it from them.”
James’ suit seeks to return the stolen funds.
Queens District Attorney Melinda Katz said her office’s cryptocurrency unit traced over $2 million in stolen crypto and identified the digital wallets where the coins were being held. Then, working with James’ office, they were able to have the currency frozen until they could be returned to victims.
“Work scams that prey on those seeking legitimate employment not only rob victims of their hard-earned money but also shatter their trust in the job market,” she added.
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Text messaging scammers stole $2m in cryptocurrency from victims, says NY lawsuit
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Text messaging scammers stole $2m in cryptocurrency from victims, says NY lawsuit
- Scammers used unsolicited text messages to target people looking for remote work
- Victims were told to review products online in order to help generate “market data”
Putin and Modi to discuss Russia-India trade and defense ties amid US pressure
NEW DELHI: Russian President Vladimir Putin is set to hold talks with Indian Prime Minister Narendra Modi on Friday at an annual summit aimed at strengthening bilateral ties on the second day of his state visit.
The 23rd Russia-India Summit comes at a pivotal moment as the United States pushes for a Ukraine peace deal while seeking global cooperation. They will test New Delhi’s efforts to balance relations with Moscow and Washington as the nearly four-year war in Ukraine grinds on.
Putin was received by Modi at an airport in New Delhi on Thursday, who gave the visting leader a bear hug and a tight handshake with the gusto of an old friend.
According to Indian officials involved in the preparation for the summit, the agenda includes talks on defense, energy and labor mobility.
While India has historically maintained deep ties with Russia, critics say Putin’s visit could strain relations with the European Union and the United States and might jeopardize negotiations for major trade agreements with both that are seen as critical for India’s exports.
US President Donald Trump raised tariffs on Indian goods to 50 percent in August, citing New Delhi’s discounted Russian oil. India has been the second biggest importer of Russian crude after China.
The US says purchases of Russian oil help finance Moscow’s war machine. In October, US sanctioned two of Moscow’s biggest oil producers to force countries like India to cut down on imports. Indian officials have said New Delhi has always abided by international sanctions and would do so in the case of Russia oil purchases as well.
India and the US set a target for the first tranche of a trade deal by the fall, but the deal hasn’t come through yet amid strains in relations.
India is also in the final stages of talks on a trade agreement with the EU, which sees Russia’s war in Ukraine as a major threat.
In his meeting with Putin, Modi is likely to push for faster delivery of two further more Russian S-400 surface-to-air missile systems. It has already received three under a 2018 deal worth about $5.4 billion. The delay has been tied to supply chain disruptions linked to the war in Ukraine.
The two sides signed a pact in February to improve military cooperation, exercises, port calls, disaster relief assistance and logistics support. Moscow’s State Duma ratified the same ahead of Putin’s India visit.
Talks are also expected on upgrading India’s Russian-made Su-30MKI fighter jets and accelerating deliveries of critical military hardware.
Trade is also expected to be a major point in talks.
Bilateral trade between the two countries stood at $68.7 billion in the last fiscal year ended March, while the aim is to boost it to $100 billion by 2030. The trade is heavily skewed in favor of Russia with deep deficits for India, which it is looking to bridge by pushing exports.
India is keen to increase exports of pharmaceuticals, agriculture and textiles to Russia and is seeking the removal of non-tariff barriers. New Delhi is also seeking long-term supplies of fertilizers from Moscow.
Another key area where the two countries are expected to finalize an agreement is the safety and regulation of migration of Indian skilled workers to Russia.
Putin last visited India in 2021. Modi was in Moscow last year, and the two leaders briefly met in September in China during a Shanghai Cooperation Organization summit.
The 23rd Russia-India Summit comes at a pivotal moment as the United States pushes for a Ukraine peace deal while seeking global cooperation. They will test New Delhi’s efforts to balance relations with Moscow and Washington as the nearly four-year war in Ukraine grinds on.
Putin was received by Modi at an airport in New Delhi on Thursday, who gave the visting leader a bear hug and a tight handshake with the gusto of an old friend.
According to Indian officials involved in the preparation for the summit, the agenda includes talks on defense, energy and labor mobility.
While India has historically maintained deep ties with Russia, critics say Putin’s visit could strain relations with the European Union and the United States and might jeopardize negotiations for major trade agreements with both that are seen as critical for India’s exports.
US President Donald Trump raised tariffs on Indian goods to 50 percent in August, citing New Delhi’s discounted Russian oil. India has been the second biggest importer of Russian crude after China.
The US says purchases of Russian oil help finance Moscow’s war machine. In October, US sanctioned two of Moscow’s biggest oil producers to force countries like India to cut down on imports. Indian officials have said New Delhi has always abided by international sanctions and would do so in the case of Russia oil purchases as well.
India and the US set a target for the first tranche of a trade deal by the fall, but the deal hasn’t come through yet amid strains in relations.
India is also in the final stages of talks on a trade agreement with the EU, which sees Russia’s war in Ukraine as a major threat.
In his meeting with Putin, Modi is likely to push for faster delivery of two further more Russian S-400 surface-to-air missile systems. It has already received three under a 2018 deal worth about $5.4 billion. The delay has been tied to supply chain disruptions linked to the war in Ukraine.
The two sides signed a pact in February to improve military cooperation, exercises, port calls, disaster relief assistance and logistics support. Moscow’s State Duma ratified the same ahead of Putin’s India visit.
Talks are also expected on upgrading India’s Russian-made Su-30MKI fighter jets and accelerating deliveries of critical military hardware.
Trade is also expected to be a major point in talks.
Bilateral trade between the two countries stood at $68.7 billion in the last fiscal year ended March, while the aim is to boost it to $100 billion by 2030. The trade is heavily skewed in favor of Russia with deep deficits for India, which it is looking to bridge by pushing exports.
India is keen to increase exports of pharmaceuticals, agriculture and textiles to Russia and is seeking the removal of non-tariff barriers. New Delhi is also seeking long-term supplies of fertilizers from Moscow.
Another key area where the two countries are expected to finalize an agreement is the safety and regulation of migration of Indian skilled workers to Russia.
Putin last visited India in 2021. Modi was in Moscow last year, and the two leaders briefly met in September in China during a Shanghai Cooperation Organization summit.
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