South Korean swaps bitcoins for 2 mln euros in fake notes
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The deal sounded murky from the start: in exchange for bitcoin worth two million euros (USD 2.3 million), the wealthy buyer would hand over the equivalent sum in cash in a luxury hotel on the French riviera. The seller, a South Korean businessman with a compaSouth Korean swaps bitcoins for 2 mln euros in fake notes
The deal sounded murky from the start: in exchange for bitcoin worth two million euros (USD 2.3 million), the wealthy buyer would hand over the equivalent sum in cash in a luxury hotel on the French riviera. The seller, a South Korean businessman with a company specialised in the crypto-currency in Singapore, accepted the proposition nevertheless and met the Serbian buyer in July. But once the transaction was completed in a hotel in the city of Nice, the South Korean realised the 500-euro notes he had been handed were crude, photocopied fakes, police sources told AFP. After the victim filed a criminal complaint at the end of July, the Serbian man was arrested at a top-end hotel in the glitzy town of Cannes in the south of France, apparently living the high-life with a luxury car and a 100,000-euro watch. After appearing in court, he was remanded in custody on charges of fraud and being part of a organised crime network, his lawyer Gerard Baudoux told AFP on Sunday. Police are still .. Read more