With a population that leans both old and wealthy, Scottsdale has become well known as a place for fraudsters to both live and pillage, so much so that we’ve written numerous pieces about it, which you can read here. And with technology comes new and innovative ways to steal from people.
One of the newer and hottest ways to separate people from money has been the cryptocurrency industry. From making crypto coins with no inherent value, marketing and getting a bunch of investors only to “rug pull” the project with the early backers getting all the investment to more standard schemes that use the relative anonymity of cryptocurrency to get paid, it is almost a perfect, unregulated market to utilize for nefarious means.
With all of this in mind, it should come as absolutely no surprise that crypto scamming has made its way to Scottsdale, to the tune of $5 million stolen from Scottsdalians in crypto scams…