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Cryptocurrency Scam in Var, France: Mother and Son Duo Defraud Couple of €1.5 Million in Crypto Assets
Deep Tide TechFlow news, July 5, according to French media Nice-Matin, the Var department gendarmerie in France, after a year of investigation, arrested a mother and son on June 25 in a rented villa in Cavalaire-sur-Mer.
The duo, under the pretext of a "house sale deposit," tricked a wealthy couple in Ramatuelle into depositing 1.5 million euros in crypto assets into a designated account. They then used a miniature camera hidden in glasses to secretly obtain the account's private key during a meeting in Milan, and transferred all the funds away.
This method is a typical "Rip Deal" fraud. Both suspects have criminal records and have pleaded not guilty. They are currently under judicial supervision, and three properties owned by them on the French Riviera (valued at approximately 1.9 million euros) have been judicially seized.
The case will be heard on September 1 at the Draguignan Criminal Court, with charges of organized fraud and unexplained assets.