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Singaporean Man Charged for a Sophisticated Crypto Scam

Singaporean Man Charged for a Sophisticated Crypto Scam

Singaporean Man Charged for a Sophisticated Crypto Scam-techcryption

A 29-year old Chinese man from Singapore is facing charges for running an illegal crypto mining operation under the camouflage of a game developing platform in Seattle. Using identity and credit cards that were stolen, Ho Jun Jia, also known as Matthew Ho had also allegedly operating using stolen devices.

The case is currently in the hands of the FBI Seattle Office, Cyber Crime Unit and the United States Department of Justice (DOJ) and he is now being held in custody at the Singapore Police Force (SPF) compound. Meanwhile, in Singapore, Ho is facing a few other different charges of computer misuse and cybersecurity act.

According to Singapore authorities, Ho had also been charged for illegal drugs usage, namely methamphetamine early this year and had checked in to rehab in June last year. A representative from DOJ confirms that Ho had used several fake accounts to mine various digital currencies that he later sells on the market. Total loss incurred by his action surpassed 5 million USD.

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In the US, jail time for wire fraud if found guilty is up to 20 years, while 10 years for access device fraud. On the other hand, for aggravated identity theft, Ho can be jailed up to two years. A court hearing for his case is set up on 15th October. Matthew Ho has deemed to run a sophisticated fraud scheme considering a large-scale cryptocurrency mining platform that he managed to operate with forged identity and accounts, as well as on his expertise in software engineering tricks

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