Bitcoin scammers used Facebook ads to swindle Chinese businessmen out of $250K

Authorities have sentenced three criminals for robbing a group of Chinese businessmen in Dubai. The crooks stole over $250,000 (Dh1 million) from four businessmen after luring them to an apartment in Al Rafaa, Dubai at the end of March, local news reports. The businessmen were hooked by a Facebook post offering cryptocurrency for sale. The attackers showed proof they owned Bitcoin to the victims, after which accomplices of the attackers, dressed like police officers, raided the apartment and tied the businessmen up. One of the victims was able to free himself and detain one of the attackers until the police…

This story continues at The Next Web

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