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The Chandler man was told by someone over the phone that fraudulent activity had occurred on his bank account and he needed to deposit funds into a bitcoin ATM.CHANDLER, Ariz. — Police have arrested two individuals this week for their alleged involvement in a phone scam that tried to swindle over $100,000 out of a Chandler man by persuading him to buy gold coins and deposit cash intoThe man's son contacted the police on Oct.
Scammers using cryptocurrency ATMs and QR codes to dupe money out of people has become increasingly prevalent in recent years,It can be more difficult for law enforcement to recover funds exchanged through this type of transaction so the FBI advises citizens to be cautious of entities demanding cryptocurrency as payment.
The following day, the man was contacted again and encouraged to buy up to $78,000 in gold from a local jewelry shop. After buying the gold coins, the Chandler man would get instructions on how to hand off the gold.
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