iPhone | iPad
Android
Huawei
Anthony Sanchez was convicted of raping and murdering 21-year-old Juli Busken, who had just completed her last semester at the University of Oklahoma
KT APPDOWNLOAD
UAE: Gang jailed for robbing, assaulting Bitcoin expert who gave them investment advice
They also threatened to kill the victim if he didn't pay back the $30 million they lost by investing in the digital currency
Six persons were given six-month jail terms for stealing $200,000, two phones, three watches and a diamond ring valued at Dh390,000 from a European who taught them how to invest in Bitcoin.
According to police investigation, the man and his wife filed a report stating the gang assaulted, robbed and threatened to kill them after breaking into their villa. They demanded that the victim pay back the money they lost by investing in Bitcoin.
The victim said the defendants had asked him for advice on how to invest in Bitcoin, as he is an expert in the field. They invested $30 million, which rose to $100 million after several days. They brought on other investors, but after a few days, the currency fell to zero and they lost all their savings.
The victim told the court that the gang contacted him again to find out how they could compensate for their loss. He advised them to invest in a new virtual currency that had not officially been launched.
The defendants welcomed the idea and created a website for trading the currency. But after 15 minutes, the site was hacked and the currency fell to zero.
ALSO READ:
- UAE reaffirms commitment to strengthen anti-money laundering regulations to combat financial crimes
The investors accused the man of causing the loss of their money and showed up at his villa, where they assaulted him and his wife, stole their belongings and fled the scene.
More news from
Move aims at raising the organisation’s ability to keep pace with the latest industry and technology shifts
If Congress fails to provide funding for the fiscal year starting October 1, many US government services would be disrupted
The dashing batter needs to decode the 50-over format and bat through the innings
The new AI tool, called Copilot, will work across the company's web and productivity applications Bing, Edge browser, and Microsoft 365 software suite
UN aid chief Martin Griffiths: 5,000 people have been killed, 12,000 injured and more than 6 million face acute food shortages in Sudan
Multiple people had notified Google Maps about the collapse in the years leading up to his death and had urged the company to update its route information
Sheikh Ahmad calls on Iraq to take 'concrete, decisive and urgent measures' to address the ruling