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US Authorities Allege SIM Swapping Thief Bought Music Royalties, Jewelry, With Crypto

Summary: U.S. authorities charged a 23-year-old Pennsylvania man for allegedly stealing cryptocurrency executives' holdings through a SIM-swapping scheme.Anthony Francis Faulk faces charges of conspiracy to commit wire fraud and extortion in the Northern District of California for his alleged plot, in which he is said to have turned the stolen funds into cars, a Rolex watch, ...

U.S. authorities charged a 23-year-old Pennsylvania man for allegedly stealing cryptocurrency executives' holdings through a SIM-swapping scheme.
Anthony Francis Faulk faces charges of conspiracy to commit wire fraud and extortion in the Northern District of California for his alleged plot, in which he is said to have turned the stolen funds into cars, a Rolex watch, a house, royalty rights to songs and diamond-encrusted jewelry, according to court documents.
He allegedly stole the money through a series of SIM-swaps between October 2016 and May 2018.

Tracy Chen