The residents of Massachusetts – Erig Meiggs and Declan Harrington – will go to jail for two years for stealing approximately $330,000 worth of cryptocurrency from victims. The criminals employed multiple techniques to drain assets, including “SIM swapping” and computer hacking.
Fraudulent schemes involving digital assets have been on the rise lately in the USA. At the end of August, the authorities charged the Miami trio – Esteban Cabrera Da Corte, Luis Hernandez Gonzalez, and Asdrubal Ramirez Meza – with defrauding banks and cryptocurrency platforms for over $4 million. Their illicit operations could result in a 30-year prison sentence.
The Latest Crypto Scam in the US
The United States Department of Justice (DOJ) announced that Erig Meiggs will spend two years and one day in jail, while his accomplice Declan Harrington will remain behind bars for two years and seven days. The men attacked mainly executives of cryptocurrency organizations and applied sophisticated techniques to steal their possessions.
“According to court documents, Meiggs and Harrington targeted executives of cryptocurrency companies and others who likely had significant amounts of cryptocurrency and those who had high value or “OG” (slang for Original Gangster) social media account names,” the statement reads.
The DOJ claimed that Meiggs and Harrington’s favorite practice was “SIM swapping.” This is a form of theft where wrongdoers steal a mobile phone…
