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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Google sues cryptocurrency scammers

    Rocky
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    • Post n°1

    Google sues cryptocurrency scammers Empty Google sues cryptocurrency scammers

    Post by Rocky Fri 05 Apr 2024, 6:40 am

    Google sues cryptocurrency scammers

    Google sues cryptocurrency scammers 12798



    Arab and international
       


    Economy News - follow up
    Google has filed a lawsuit against a group of fraudsters in the world of cryptocurrencies, amid allegations that they defrauded more than 100,000 people globally by uploading fraudulent cryptocurrency trading and investment applications on Google Play.
    Google confirmed that it is the first technology company to take action against fraudsters in the field of cryptocurrencies, stressing that it is doing so as a legal pretext to provide protection for users.
    The lawsuit indicated that the defendants made numerous misrepresentations in order to upload their fraudulent applications to Google Play, including, for example, misrepresentations regarding their identity, location, and the nature of the applications being uploaded.
    Google General Counsel Halima Dellen Prado said in statements to CNBC that what is happening is a unique opportunity to use the company's resources to fight bad actors who were running large-scale cryptocurrency schemes to defraud some users.
    Prado added: We witnessed about a billion dollars in cryptocurrency-related schemes and fraud in America during 2023, and this lawsuit allows us to use our resources not only to protect our users, but to set a precedent for bad actors that we do not deal with in the future.
    The defendants enticed victims to download applications from Google Play and other sources through three means: text messages, campaigns using Google Voice, and promotional videos on YouTube and other platforms.
    In order to convince victims that the apps were reliable, the defendants would allow users to withdraw a small portion of money. Others claimed they were required to pay fees or have a minimum balance to withdraw money.
    Google was alerted to the fake apps by victims who contacted the company after failed efforts to withdraw their money. However, Google stressed that when these apps are shut down, scammers create new apps and upload them to Google Play using misleading information and accounts that hide their identity.


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    Added 04/04/2024 - 5:52 PM
    https://economy-news.net/content.php?id=42203
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