"Inos targeted older women, gained their confidence, and used false claims about wealth, business success, and investing to obtain money. Prosecutors described her actions as a clear case of affinity fraud."
"U.S. Attorney Shawn N. Anderson warned that criminals engaged in affinity fraud prey on our willingness to trust others, emphasizing the need for vigilance against such schemes."
"The scheme expanded geographically, affecting victims not only in Saipan and Guam but also reaching individuals in Washington and California, illustrating the widespread nature of the fraud."
Sze Man Yu Inos was sentenced to 71 months in federal prison for a fraud scheme involving false bitcoin investment claims targeting older women. Inos gained victims' trust by presenting herself as wealthy and successful, using personal stories and gifts. The fraudulent activities occurred from November 2020 to January 2022, expanding to victims in Saipan, Guam, Washington, and California. In addition to prison time, Inos was ordered to pay restitution and undergo supervised release, highlighting the dangers of affinity fraud and its impact on vulnerable populations.
Read at news.bitcoin.com
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