Over £4 million has been returned to rightful owners following an international cryptocurrency scam that was rumbled by Greater Manchester Police.
It’s come after a sum of $22.25 million (which is equivalent to just over £16 million) was seized by specialist officers from Greater Manchester Police’s Economic Crime Unit in July 2021, when intelligence led to the discovery of USB sticks containing huge amounts of Ethereum – the second largest Crypto-currency after BitCoin.
A total of 150 victims from all over the world contacted officers in the unit following the scam-bust, which GMP says saw millions invested in a fake savings and trading service.
Over £4 million has now been returned to 23 verified victims, and another 127 reported claims are currently being investigated by officers alongside partners in international law enforcement across the globe.
Victims based in the UK, United States, Europe, China, Australia and Hong Kong had deposited money, including life savings, into what they thought was an online savings and trading service using Binance Smart Chain – which stores and records transactions made in crypto-currency confirming their movement and value.
The scammers operating the service waited until a significant amount of money had been deposited, before shutting down their website and transferring the funds into their own accounts.
Unfortunately for them, the scammers did not disappear without trace.
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Specialist officers received intelligence that those running the scheme had been in Manchester for a limited time and tracked them down, and
Officers first recovered an encrypted USB stick containing $9.5 million of stolen Ethereum, and they found a further $12.7million a few days later after locating a Cryptograph safety deposit box – which is effectively an online safe – and the code to access it.
A 23-year-old male and a 25-year-old female were arrested for fraud and money laundering offences, but they have since been released under investigation pending further enquiries.
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It’s not over yet either, as another £7 million still needs to be claimed by rightful owners.
$22.25 million was seized by specialist officers from Greater Manchester Police’s Economic Crime Unit in July 2021 / Credit: GMP
Speaking on the return of the funds, and issuing a warning on cryptocurreny services, Detective Chief Inspector Joe Harrop – from GMP’s Economic and Cyber Crime Unit – said: “Anyone involved in these cryptocurrency and trading services are urged to take extreme caution and do a lot of research as there are still huge risks.
“Online currency and trading is incredibly technical and need in-depth knowledge in order to make sure your money is safe.
“If it seems too good to be true, it probably is.
“Thankfully, we’ve returned over four million pounds to 23 individual victims and we’re continuing to work through a large number of other reported claims where we can hopefully return even more money [but] we believe there may still be victims out there from all over the world who are owed some of this money we rumbled half a year ago.”
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Anyone who thinks they may be affected by this particular scam should get in touch with GMP on [email protected] with the following details:
The name of the savings and trading service invested in
The name of the law enforcement you reported the crime to, and officer details
Wallet addresses and documentation to prove ownership
Police appeal after teenage girl reports being sexually assaulted in a Stretford park
Emily Sergeant
An urgent appeal for information has been issued after a teenage girl reported being sexually assaulted in a park in Stretford.
Greater Manchester Police (GMP) explained that officers attended Victoria Park, in the Stretford area, earlier this week on Tuesday night (21 July) following reports that a teenage girl had been sexually assaulted.
The incident is reported to have happened between 5:30pm and 5:44pm, and the offender is described to be an older white male of a large build who was wearing a black t-shirt.
No arrests have been made at this time, GMP confirmed, and enquiries are ongoing.
As police continue their investigation at pace, a public appeal for information has been issued in the hopes that someone can come forward and provide the details needed to track down the offender.
“Detectives are pursuing multiple lines of enquiry and the victim is being fully supported by specially trained officers,” explained Detective Superintendent Suzanne Keenaghan, from GMP’s Trafford district.
“There will be an increased police presence in and around Victoria Park while officers continue their investigation and provide reassurance to the local community.”
Police say they are ‘particularly keen’ to hear from anyone who was in the park at the time, or who may have CCTV, doorbell, mobile phone or dashcam footage from the area.
Anyone with information can speak to police officers at the scene, call 101, or contact GMP via LiveChat at gmp.police.uk, quoting log 3029 of 21/07/26.
Featured Image – Wikimedia Commons
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Business rates for pubs, clubs, and live music venues to be slashed by 20% next year
Emily Sergeant
Business rates for pubs, clubs, and live music venues across England are set to be slashed by 20% next year.
Continuing on with his week of, seemingly, introducing a new measure a day amid the cost of living crisis, Prime Minister Andy Burnham has now announced that he has taken action to cut business rates for pubs, social clubs, and live music venues across England from April next year.
It’s expected that these new business rate cuts will benefit nearly 32,000 pubs, clubs and live music venues, saving the typical pub an estimated £1,100 in the next financial year.
“For too long, the pubs, social clubs, and live music venues that form the backbone of local high streets have been replaced by boarded up windows and for sale signs,” the Government said in a statement as the cuts were announced today.
Andy Burnham is slashing business rates for pubs, clubs, and live music venues by 20% next year / Credit: John Arano (via Unsplash) | Wikimedia Commons
These changes are set to be fully funded by the Government – including through reviewing reliefs for businesses that do not make a positive contribution to local communities, such as vape shops for example.
The Government says it also plans to crack down on businesses that sell through online marketplaces but do not comply with their tax obligations, which therefore puts them at an unfair advantage over businesses that do play by the rules.
I’m giving thousands of pubs, clubs and music venues a 20% cut in business rates.
I won’t stand by while these cherished local spaces disappear, replaced by boarded-up windows and ‘For Sale’ signs.
They’re the heart of our communities and it’s time we backed them.
“Pubs, clubs and live music venues are at the heart of communities across the UK,” explained Chancellor John Healey. “They help make a place what we love. They bring people together, support local jobs and help keep high streets, and town centres busy, which is why we will back them all the way.
“We are determined to bring hope back, give businesses the support they need and generate growth in every postcode.”
Prime Minister Andy Burnham added: “For too long, Governments have stood by while cherished venues have disappeared from our local high streets. So today I am changing that.
“This Government will back the businesses that people want to see in their communities. I said I would protect pubs and local high streets, and that’s what we will do. What we’re announcing today is just the start as we work to bring back hope across the country.”
Emily Sergeant -
22nd February 2022 
